NuVista Energy (TSE:NVA) Given New C$19.00 Price Target at Jefferies Financial Group

NuVista Energy (TSE:NVA - Free Report) had its price target increased by Jefferies Financial Group from C$14.00 to C$19.00 in a research note released on Monday,BayStreet.CA reports.

NVA has been the topic of a number of other reports. National Bank Financial upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 8th. TD Securities cut their target price on NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. National Bankshares raised NuVista Energy from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$14.50 to C$16.00 in a report on Monday, November 11th. BMO Capital Markets raised their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday. Finally, Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a report on Monday, September 23rd. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$16.64.

NuVista Energy Stock Up 0.3 %

Shares of NVA traded up C$0.04 during midday trading on Monday, reaching C$13.48. The stock had a trading volume of 1,920,713 shares, compared to its average volume of 635,785. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.59 and a beta of 2.57. The company's fifty day simple moving average is C$12.21 and its two-hundred day simple moving average is C$12.74. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78.

Insiders Place Their Bets

In other news, Senior Officer Joshua Thomas Truba sold 21,600 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$13.11, for a total value of C$283,176.00. Also, Senior Officer Michael Lawford sold 17,348 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total transaction of C$218,064.36. In the last three months, insiders have sold 130,121 shares of company stock valued at $1,696,927. 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.