NuVista Energy (TSE:NVA) Upgraded at Raymond James

NuVista Energy (TSE:NVA) was upgraded by equities researchers at Raymond James to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts also recently commented on NVA. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective for the company. in a research report on Thursday, December 19th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research note on Friday, March 7th. National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Jefferies Financial Group boosted their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, Scotiabank lifted their target price on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$17.59.

NuVista Energy Trading Down 5.5 %

TSE NVA opened at C$11.21 on Monday. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$14.86. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The stock has a 50 day moving average of C$12.47 and a 200-day moving average of C$12.53. The company has a market cap of C$2.30 billion, a PE ratio of 7.84, a PEG ratio of 0.59 and a beta of 2.57.

Insider Activity at NuVista Energy

In other news, Senior Officer Ivan J. Condic sold 2,227 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total transaction of C$30,287.20. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the company’s stock in a transaction that occurred 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 have sold a total of 28,227 shares of company stock worth $384,657 over the last quarter. Company insiders own 20.25% of the company’s stock.

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.