NuVista Energy (TSE:NVA) Upgraded at National Bank Financial

NuVista Energy (TSE:NVA) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$14.50 to C$16.00 in a research note on Monday. CIBC lifted their price target on NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. 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. Finally, Jefferies Financial Group cut their price target on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, September 16th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NuVista Energy presently has an average rating of “Buy” and an average target price of C$15.97.

NuVista Energy Price Performance

Shares of TSE NVA opened at C$12.47 on Friday. The firm has a 50-day simple moving average of C$11.49 and a 200-day simple moving average of C$12.64. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The stock has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.86.

Insider Activity at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 10,116 shares of NuVista Energy stock in a transaction dated Monday, October 7th. The stock was sold at an average price of C$11.61, for a total value of C$117,446.76. Company insiders own 20.25% of the company’s stock.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.