NuVista Energy (TSE:NVA) Price Target Raised to C$19.50

NuVista Energy (TSE:NVA) had its target price increased by CIBC from C$18.00 to C$19.50 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 46.95% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. National Bankshares downgraded 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. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price target on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Jefferies Financial Group boosted their price target on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Finally, Cormark raised NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$16.69.

NuVista Energy Stock Down 0.2 %

NVA traded down C$0.03 on Friday, hitting C$13.27. 214,687 shares of the company were exchanged, compared to its average volume of 661,238. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$14.86. The company has a market cap of C$2.73 billion, a PE ratio of 8.24, a PEG ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The stock’s fifty day moving average is C$13.32 and its 200-day moving average is C$12.75.

Insiders Place Their Bets

In other news, Senior Officer Michael Lawford sold 9,513 shares of the stock in a transaction 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 Joshua Thomas Truba sold 28,759 shares of the stock in a transaction 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. Insiders sold 168,764 shares of company stock worth $2,262,806 over the last three months. 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.