NuVista Energy (TSE:NVA) Price Target Raised to C$19.50

NuVista Energy (TSE:NVA - Get Free Report) had its price objective raised by CIBC from C$18.00 to C$19.50 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 45.20% from the company's previous close.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group lifted their price target on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. National Bankshares lowered shares of NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 price objective for the company. in a research note on Thursday, December 19th. BMO Capital Markets raised their target price on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. TD Securities decreased their price target on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Finally, Scotiabank raised their price objective on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$16.69.

NuVista Energy Stock Up 1.0 %

NuVista Energy stock traded up C$0.13 during trading hours on Friday, hitting C$13.43. The company had a trading volume of 724,076 shares, compared to its average volume of 704,685. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week 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. The firm has a market capitalization of C$2.77 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The firm's fifty day moving average is C$13.36 and its 200-day moving average is C$12.76.

Insiders Place Their Bets

In other news, Senior Officer Michael Lawford sold 17,348 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total transaction of C$316,042.77. Insiders have sold a total of 168,764 shares of company stock valued at $2,262,806 in the last three months. Company insiders own 20.25% of the company's stock.

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.