NuVista Energy Ltd. (TSE:NVA) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) have received an average rating of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$17.54.

A number of brokerages recently issued reports on NVA. Jefferies Financial Group raised their price target on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. National Bankshares downgraded 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 report on Thursday, December 19th. CIBC boosted their target price on shares of NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. Finally, National Bank Financial downgraded shares of NuVista Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th.

Insider Activity at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of NuVista Energy stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total value of C$403,776.36. Insiders sold 48,759 shares of company stock valued at $683,326 over the last 90 days. Insiders own 20.25% of the company's stock.

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NuVista Energy Trading Down 0.4 %

Shares of TSE:NVA traded down C$0.05 during trading on Monday, reaching C$13.73. The company's stock had a trading volume of 664,185 shares, compared to its average volume of 856,145. The stock has a market capitalization of C$2.81 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$14.86. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The firm's 50 day simple moving average is C$12.62 and its two-hundred day simple moving average is C$12.48.

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.