BMO Capital Markets Issues Positive Forecast for NuVista Energy (TSE:NVA) Stock Price

NuVista Energy (TSE:NVA) had its target price raised by BMO Capital Markets from C$18.00 to C$19.00 in a research report released on Friday morning,BayStreet.CA reports.

NVA has been the topic of a number of other research reports. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Jefferies Financial Group cut their price objective 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. National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$14.50 to C$16.00 in a research note on Monday, November 11th. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, TD Securities lowered their price target on NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$16.08.

NuVista Energy Stock Down 0.4 %

Shares of NVA stock opened at C$13.44 on Friday. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86. The firm has a market capitalization of C$2.77 billion, a PE ratio of 8.35, a P/E/G ratio of 0.59 and a beta of 2.57. The stock’s 50-day simple moving average is C$12.16 and its 200-day simple moving average is C$12.74.

Insider Buying and Selling

In other news, Senior Officer Kevin Garth Asman sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of C$13.50, for a total transaction of C$135,000.00. Also, Senior Officer Michael Lawford sold 17,348 shares of NuVista Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total value of C$218,064.36. Over the last 90 days, insiders have sold 130,121 shares of company stock worth $1,696,927. 20.25% of the stock is owned by corporate insiders.

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.