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

Shares of NuVista Energy Ltd. (TSE:NVA) have received an average recommendation of “Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$16.08.

A number of equities analysts recently commented on the company. TD Securities reduced their price objective on NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$14.50 to C$16.00 in a research report on Monday, November 11th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Jefferies Financial Group reduced their target price on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, BMO Capital Markets increased their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday.

NuVista Energy Trading Down 0.4 %

NVA opened at C$13.44 on Friday. The firm has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company’s 50 day simple moving average is C$12.16 and its two-hundred day simple moving average is C$12.74. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. 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 at NuVista Energy

In other NuVista Energy news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$13.45, for a total transaction of C$503,527.65. Also, Senior Officer Michael Lawford sold 17,348 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36. In the last quarter, insiders sold 130,121 shares of company stock worth $1,696,927. 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.