NuVista Energy (TSE:NVA) Lowered to “Hold” Rating by National Bank Financial

National Bank Financial downgraded shares of NuVista Energy (TSE:NVA) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on NVA. Jefferies Financial Group increased their price objective on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday. BMO Capital Markets upped their target price on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. TD Securities decreased their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. National Bankshares lowered 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 report on Thursday. Finally, Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$16.64.

NuVista Energy Stock Down 4.0 %

TSE NVA opened at C$12.26 on Wednesday. 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 capitalization of C$2.53 billion, a P/E ratio of 7.61, a PEG ratio of 0.59 and a beta of 2.57. The company’s 50 day simple moving average is C$12.30 and its 200 day simple moving average is C$12.74. 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 Activity

In other NuVista Energy news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$13.45, for a total value of C$503,527.65. Also, Senior Officer Kevin Garth Asman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$13.50, for a total value of C$135,000.00. Insiders have sold a total of 130,121 shares of company stock valued at $1,696,927 over the last 90 days. 20.25% of the stock is currently owned by company insiders.

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.