NuVista Energy (TSE:NVA) Stock Price Expected to Rise, Scotiabank Analyst Says

NuVista Energy (TSE:NVA) had its price target boosted by Scotiabank from C$16.00 to C$17.00 in a report released on Friday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 28.11% from the company’s previous close.

Several other equities analysts have also issued reports on NVA. Jefferies Financial Group lifted their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. BMO Capital Markets lifted their target price on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, National Bankshares lowered 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 note on Thursday, December 19th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$16.69.

NuVista Energy Stock Down 0.2 %

NVA traded down C$0.03 on Friday, hitting C$13.27. The company had a trading volume of 214,687 shares, compared to its average volume of 661,238. The stock has a fifty day moving average price of C$13.32 and a 200-day moving average price of C$12.75. NuVista Energy has a 12-month low of C$9.59 and a 12-month high of C$14.86. 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 has a market capitalization of C$2.73 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Transactions at NuVista Energy

In related news, Senior Officer Michael Lawford sold 17,348 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total value of C$218,064.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total value of C$71,500.00. Insiders sold a total of 168,764 shares of company stock valued at $2,262,806 in the last three months. 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.