NuVista Energy (TSE:NVA) Upgraded at National Bank Financial

NuVista Energy (TSE:NVA - Get Free Report) was upgraded by National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. Jefferies Financial Group reduced their price target on shares of NuVista Energy from C$17.00 to C$14.00 and set a "buy" rating for the company in a research report on Monday, September 16th. TD Securities reduced their price target on shares of NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. National Bankshares raised shares of NuVista Energy from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$14.50 to C$16.00 in a research report on Monday. Scotiabank raised their price target on shares of NuVista Energy from C$15.00 to C$16.00 in a research report on Friday, July 12th. Finally, Cormark raised shares of NuVista Energy to a "strong-buy" rating in a research report on Monday, September 23rd. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$15.97.

NuVista Energy Stock Performance

NVA stock traded down C$0.30 during trading on Friday, reaching C$12.17. The company had a trading volume of 373,328 shares, compared to its average volume of 603,997. The firm has a 50-day simple moving average of C$11.49 and a 200-day simple moving average of C$12.64. The company has a market cap of C$2.51 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$14.86.

Insider Activity

In related news, Senior Officer Michael Lawford sold 10,116 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of C$11.61, for a total transaction of C$117,446.76. Company insiders own 20.25% of the company's stock.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.