Ivan J. Condic Sells 2,227 Shares of NuVista Energy Ltd. (TSE:NVA) Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Ivan J. Condic sold 2,227 shares of NuVista Energy stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total value of C$30,287.20.

NuVista Energy Price Performance

TSE:NVA opened at C$13.85 on Wednesday. The stock has a 50 day moving average of C$12.64 and a two-hundred day moving average of C$12.51. NuVista Energy Ltd. has a 12 month low of C$10.34 and a 12 month high of C$14.86. The firm has a market cap of C$2.84 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NVA shares. CIBC raised their price objective on shares of NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. National Bank Financial cut shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Desjardins downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$17.00 to C$16.25 in a research report on Wednesday, March 19th. Atb Cap Markets upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Finally, BMO Capital Markets upped their price target on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.54.

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.