NuVista Energy Ltd. (TSE:NVA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$17.54.

NVA has been the topic of several research reports. National Bank Financial downgraded shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a research report on Thursday, December 19th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Friday, March 7th. Jefferies Financial Group increased their price objective on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, BMO Capital Markets lifted their target price on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th.

Insiders Place Their Bets

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total value of C$403,776.36. Over the last quarter, insiders have sold 48,759 shares of company stock valued at $683,326. Insiders own 20.25% of the company’s stock.

NuVista Energy Price Performance

Shares of TSE:NVA opened at C$12.74 on Monday. NuVista Energy has a twelve month low of C$10.34 and a twelve month high of C$14.86. The stock’s 50 day moving average is C$12.65 and its 200-day moving average is C$12.47. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The firm has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.59 and a beta of 2.57.

NuVista Energy Company Profile

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.