NuVista Energy (TSE:NVA) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

NuVista Energy Ltd. (TSE:NVA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.75 and traded as high as C$13.79. NuVista Energy shares last traded at C$13.58, with a volume of 422,445 shares.

Wall Street Analysts Forecast Growth

NVA has been the topic of several recent research reports. TD Securities dropped their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price on the stock. in a report on Thursday, December 19th. CIBC increased their target price on shares of NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. Scotiabank increased their price target on shares of NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Finally, National Bank Financial lowered shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$16.97.

NuVista Energy Stock Down 1.2 %

The stock has a market capitalization of C$2.80 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. The company’s 50-day moving average is C$13.50 and its 200 day moving average is C$12.75.

NuVista Energy (TSE:NVA) last announced its quarterly earnings data on Friday, November 8th. The company reported C$0.29 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.11. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. As a group, analysts anticipate that NuVista Energy Ltd. will post 1.0702905 EPS for the current year.

Insider Activity at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 9,513 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$13.00, for a total transaction of C$123,669.00. Also, Senior Officer Joshua Thomas Truba sold 21,600 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$13.11, for a total transaction of C$283,176.00. Insiders sold 168,764 shares of company stock valued at $2,262,806 in the last three months. 20.25% of the stock is owned by insiders.

About NuVista Energy

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen.