NuVista Energy Ltd. (TSE:NVA) Given Average Rating of "Moderate Buy" by Brokerages

NuVista Energy Ltd. (TSE:NVA - Get Free Report) has been given an average rating of "Moderate Buy" by the eight ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$16.97.

A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. CIBC raised their price objective on NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. National Bank Financial lowered NuVista Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Finally, National Bankshares cut shares of NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 target price for the company. in a research note on Thursday, December 19th.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 17,348 shares of NuVista Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total transaction of C$218,064.36. Also, Senior Officer Joshua Thomas Truba sold 21,600 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$13.11, for a total transaction of C$283,176.00. Over the last three months, insiders have sold 168,764 shares of company stock valued at $2,262,806. 20.25% of the stock is currently owned by company insiders.

NuVista Energy Trading Down 1.1 %

NuVista Energy stock traded down C$0.15 during mid-day trading on Friday, hitting C$12.92. The stock had a trading volume of 393,326 shares, compared to its average volume of 628,141. The stock has a 50-day simple moving average of C$13.44 and a two-hundred day simple moving average of C$12.70. The stock has a market capitalization of C$2.66 billion, a PE ratio of 8.02, a P/E/G ratio of 0.59 and a beta of 2.57. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$14.86. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03.

NuVista Energy (TSE:NVA - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported C$0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.11. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. As a group, sell-side analysts forecast that NuVista Energy will post 1.0702905 EPS for the current year.

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.