NuVista Energy (TSE:NVA) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of NuVista Energy Ltd. (TSE:NVA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.40 and traded as high as C$16.26. NuVista Energy shares last traded at C$16.07, with a volume of 489,349 shares trading hands.

Wall Street Analyst Weigh In

NVA has been the subject of a number of recent analyst reports. TD Securities cut NuVista Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$18.00 to C$17.00 in a report on Tuesday, September 30th. Raymond James Financial cut NuVista Energy from a “moderate buy” rating to a “hold” rating and set a C$17.00 target price for the company. in a research note on Thursday, July 3rd. Desjardins raised NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 16th. National Bank Financial raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada lifted their target price on NuVista Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Monday, June 30th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NuVista Energy presently has an average rating of “Moderate Buy” and an average price target of C$18.22.

NuVista Energy Trading Down 0.4%

The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The business has a 50 day moving average of C$15.53 and a 200 day moving average of C$14.40. The firm has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.59 and a beta of 0.46.

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.