NuVista Energy Ltd. (TSE:NVA) Receives C$16.64 Average Price Target from Analysts

NuVista Energy Ltd. (TSE:NVA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$16.64.

Several brokerages have recently issued reports on NVA. National Bankshares downgraded shares of NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 price objective on the stock. in a research note on Thursday, December 19th. Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research report on Monday, September 23rd. Jefferies Financial Group upped their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. National Bank Financial downgraded NuVista Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th.

NuVista Energy Stock Performance

Shares of TSE NVA traded up C$0.24 during trading hours on Wednesday, hitting C$14.12. 821,333 shares of the company's stock were exchanged, compared to its average volume of 750,701. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.59 and a beta of 2.57. The company's 50-day moving average price is C$12.96 and its 200-day moving average price is C$12.74. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86.

Insider Transactions at NuVista Energy

In other news, Senior Officer Joshua Thomas Truba sold 21,600 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$13.11, for a total transaction of C$283,176.00. Also, Senior Officer Michael Lawford sold 17,348 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36. Insiders have sold 135,005 shares of company stock valued at $1,787,530 in the last three months. 20.25% of the stock is owned by corporate insiders.

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.