National Bankshares Downgrades NuVista Energy (TSE:NVA) to Sector Perform

NuVista Energy (TSE:NVA) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$16.00 price target on the stock. National Bankshares’ price objective suggests a potential upside of 31.15% from the company’s current price.

A number of other analysts have also recently weighed in on NVA. Jefferies Financial Group increased their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. BMO Capital Markets raised their price target on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, TD Securities cut their target price on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, NuVista Energy presently has an average rating of “Buy” and an average target price of C$16.64.

NuVista Energy Stock Performance

Shares of NVA stock traded down C$0.57 on Thursday, hitting C$12.20. 623,215 shares of the stock traded hands, compared to its average volume of 639,898. The company’s fifty day moving average is C$12.28 and its 200 day moving average is C$12.74. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. The company has a market capitalization of C$2.51 billion, a PE ratio of 7.58, a PEG ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78.

Insider Transactions at NuVista Energy

In related news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$13.45, for a total transaction of C$503,527.65. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$13.11, for a total transaction of C$316,042.77. In the last three months, insiders sold 130,121 shares of company stock valued at $1,696,927. Company insiders own 20.25% of the company’s stock.

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.