NuVista Energy (TSE:NVA) Price Target Raised to C$19.00

NuVista Energy (TSE:NVA) had its target price boosted by Jefferies Financial Group from C$14.00 to C$19.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on NVA. National Bank Financial upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. National Bankshares raised NuVista Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$14.50 to C$16.00 in a research report on Monday, November 11th. TD Securities dropped their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets boosted their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.64.

NuVista Energy Stock Performance

NuVista Energy stock opened at C$12.77 on Monday. The stock has a market cap of C$2.63 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth 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. The firm has a 50 day simple moving average of C$12.26 and a 200-day simple moving average of C$12.74. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86.

Insiders Place Their Bets

In related news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$13.45, for a total value 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 value of C$316,042.77. Insiders sold 130,121 shares of company stock valued at $1,696,927 in the last ninety days. Insiders own 20.25% of the company’s stock.

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.