NuVista Energy (TSE:NVA) Given a C$18.00 Price Target at Raymond James

NuVista Energy (TSE:NVA - Get Free Report) received a C$18.00 target price from Raymond James in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James' price objective would suggest a potential upside of 60.86% from the company's previous close.

A number of other equities research analysts also recently issued reports on the stock. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. Atb Cap Markets raised shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. BMO Capital Markets upped their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Scotiabank raised their price target on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Finally, Desjardins lowered NuVista Energy from a "buy" rating to a "hold" rating and cut their price objective for the stock from C$17.00 to C$16.25 in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$17.28.

NuVista Energy Stock Performance

Shares of TSE:NVA traded up C$0.18 during midday trading on Tuesday, reaching C$11.19. 1,243,028 shares of the company traded hands, compared to its average volume of 893,146. The firm's fifty day moving average price is C$12.34 and its two-hundred day moving average price is C$12.51. The firm has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$14.86.

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Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Michael Lawford sold 21,000 shares of NuVista Energy stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total value of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total value of C$30,287.20. 20.25% of the stock is currently owned by 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.