NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells C$30,287.20 in Stock

NuVista Energy Ltd. (TSE:NVA - Get Free Report) Senior Officer Ivan J. Condic sold 2,227 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total value of C$30,287.20.

NuVista Energy Trading Down 11.8 %

TSE:NVA traded down C$1.54 during mid-day trading on Friday, hitting C$11.51. 1,295,407 shares of the stock traded hands, compared to its average volume of 852,673. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The stock has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 8.05, a PEG 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 firm's 50 day moving average is C$12.63 and its two-hundred day moving average is C$12.53.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Desjardins lowered shares of NuVista Energy from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$17.00 to C$16.25 in a research report on Wednesday, March 19th. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. National Bank Financial cut NuVista Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Scotiabank increased their price target on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. Finally, Atb Cap Markets raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$17.54.

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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.