Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 10,000 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$13.75, for a total transaction of C$137,500.00.

NuVista Energy Stock Up 1.1%

Shares of NVA traded up C$0.15 during midday trading on Tuesday, hitting C$13.86. The company had a trading volume of 584,045 shares, compared to its average volume of 856,746. The stock has a market cap of C$2.84 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.59 and a beta of 2.57. The company’s 50 day moving average price is C$12.45 and its 200 day moving average price is C$12.76. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. NuVista Energy Ltd. has a 52 week low of C$10.34 and a 52 week high of C$14.86.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVA. Raymond James cut their target price on shares of NuVista Energy from C$18.00 to C$17.00 in a research note on Wednesday, April 9th. CIBC cut their price objective on shares of NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th. Desjardins raised shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 12th. Atb Cap Markets raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Finally, Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$17.28.

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.