NuVista Energy (TSE:NVA - Get Free Report) had its price target lowered by Raymond James from C$18.00 to C$17.00 in a report released on Wednesday,BayStreet.CA reports. Raymond James' price target indicates a potential upside of 49.12% from the stock's current price.
NVA has been the topic of several other reports. National Bank Financial lowered shares of NuVista Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Jefferies Financial Group increased their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. BMO Capital Markets upped their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Desjardins cut shares of NuVista Energy from a "buy" rating to a "hold" rating and cut their target price for the stock from C$17.00 to C$16.25 in a research note on Wednesday, March 19th. Finally, Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. Three equities 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$17.28.
Get Our Latest Stock Analysis on NVA
NuVista Energy Stock Up 1.9 %
NVA traded up C$0.21 on Wednesday, hitting C$11.40. 1,047,540 shares of the company were exchanged, compared to its average volume of 895,290. The stock's fifty day moving average is C$12.34 and its 200-day moving average is C$12.52. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$14.86. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of C$2.33 billion, a PE ratio of 7.97, a PEG ratio of 0.59 and a beta of 2.57.
Insider Activity at NuVista Energy
In other NuVista Energy news, Senior Officer Michael Lawford sold 21,000 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total transaction of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of NuVista Energy stock in a transaction 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 owned by insiders.
About NuVista Energy
(
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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.
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