NuVista Energy (TSE:NVA) Stock Rating Lowered by Desjardins

Desjardins downgraded shares of NuVista Energy (TSE:NVA - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. Desjardins currently has C$16.25 price target on the stock, down from their previous price target of C$17.00.

NVA has been the subject of a number of other reports. Scotiabank upped their price target on shares of NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. BMO Capital Markets upped their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. CIBC raised their target price on NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. Cormark raised NuVista Energy to a "strong-buy" rating in a research report on Friday, March 7th. Finally, National Bankshares lowered 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. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NuVista Energy presently has an average rating of "Moderate Buy" and an average target price of C$17.54.

NuVista Energy Trading Up 1.2 %

Shares of TSE:NVA traded up C$0.15 on Wednesday, reaching C$12.74. 1,887,465 shares of the company traded hands, compared to its average volume of 833,111. NuVista Energy has a 52 week low of C$10.34 and a 52 week 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 business's 50-day simple moving average is C$12.65 and its 200 day simple moving average is C$12.47. The stock has a market capitalization of C$2.61 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

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Insider Buying and Selling

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

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.