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

NuVista Energy Ltd. (TSE:NVA) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$16.64.

A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target for the company. in a research report on Thursday, December 19th. TD Securities lowered their price objective on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Jefferies Financial Group increased their target price on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Finally, National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

NuVista Energy Stock Down 0.8 %

NuVista Energy stock opened at C$14.03 on Wednesday. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$14.86. The stock has a market capitalization of C$2.89 billion, a PE ratio of 8.71, 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 business has a 50 day simple moving average of C$13.14 and a 200-day simple moving average of C$12.75.

Insiders Place Their Bets

In related news, Senior Officer Michael Lawford sold 9,513 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$13.00, for a total value of C$123,669.00. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the 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. Over the last 90 days, insiders have sold 168,764 shares of company stock valued at $2,262,806. 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.