NuVista Energy Ltd. (TSE:NVA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

NuVista Energy Ltd. (TSE:NVA) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$17.32.

A number of brokerages have recently commented on NVA. National Bank Financial lowered shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price for the company. in a research note on Thursday, December 19th. Scotiabank raised their target price on shares of NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. Jefferies Financial Group lifted their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, BMO Capital Markets lifted their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th.

NuVista Energy Stock Performance

NuVista Energy stock opened at C$11.46 on Thursday. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. NuVista Energy has a 1-year low of C$10.34 and a 1-year high of C$14.86. The firm has a market capitalization of C$2.35 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company’s 50-day moving average is C$13.09 and its 200 day moving average is C$12.55.

Insider Buying and Selling at NuVista Energy

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total transaction of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$14.30, for a total transaction of C$71,500.00. Over the last quarter, insiders sold 48,759 shares of company stock valued at $683,326. Corporate 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.