NuVista Energy (TSE:NVA) Lowered to Hold Rating by Desjardins

NuVista Energy (TSE:NVA) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a report issued on Wednesday,BayStreet.CA reports. They currently have a C$16.25 price objective on the stock, down from their prior price objective of C$17.00. Desjardins’ price objective indicates a potential upside of 31.26% from the stock’s current price.

A number of other brokerages have also recently commented on NVA. National Bankshares cut 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 research note on Thursday, December 19th. CIBC increased their price target on shares of NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Jefferies Financial Group increased their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Finally, Scotiabank raised their price target on shares of NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$17.54.

NuVista Energy Stock Down 0.7 %

NVA stock traded down C$0.09 during trading on Wednesday, reaching C$12.38. The stock had a trading volume of 1,082,596 shares, compared to its average volume of 787,065. NuVista Energy has a one year low of C$10.34 and a one year high of C$14.86. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The company’s 50 day moving average is C$12.74 and its two-hundred day moving average is C$12.47. The company has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of NuVista Energy stock in a transaction on Friday, January 3rd. The stock was sold at an average price of C$13.87, for a total transaction of C$208,050.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of NuVista Energy stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total value of C$403,776.36. Over the last ninety days, insiders sold 48,759 shares of company stock valued at $683,326. 20.25% of the stock is currently owned by 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.