Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 4,127 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Michael Lawford sold 4,127 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$14.08, for a total value of C$58,108.16.

Michael Lawford also recently made the following trade(s):

• On Wednesday, May 21st, Michael Lawford sold 6,845 shares of NuVista Energy stock. The stock was sold at an average price of C$13.66, for a total value of C$93,502.70.
• On Friday, April 4th, Michael Lawford sold 21,000 shares of NuVista Energy stock. The stock was sold at an average price of C$13.47, for a total value of C$282,870.00.

NuVista Energy Stock Down 0.4%

Shares of TSE:NVA opened at C$14.02 on Friday. The business’s 50 day moving average is C$12.69 and its 200 day moving average is C$12.89. The stock has a market cap of C$2.87 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy Ltd. has a 52-week low of C$10.34 and a 52-week 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.

Analyst Ratings Changes

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