NuVista Energy (TSE:NVA - Get Free Report) was downgraded by equities researchers at National Bank Financial from a "strong-buy" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.
A number of other research firms have also recently commented on NVA. National Bankshares cut shares of NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 target price for the company. in a research note on Thursday. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a report on Monday, September 23rd. TD Securities lowered their price target on NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. BMO Capital Markets lifted their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Finally, Jefferies Financial Group increased their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$16.64.
Check Out Our Latest Stock Report on NVA
NuVista Energy Stock Up 0.6 %
NuVista Energy stock traded up C$0.07 during midday trading on Wednesday, reaching C$12.33. The company's stock had a trading volume of 708,729 shares, compared to its average volume of 642,768. 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 stock has a market capitalization of C$2.54 billion, a P/E ratio of 7.66, a PEG ratio of 0.59 and a beta of 2.57. The stock's 50-day simple moving average is C$12.30 and its 200-day simple moving average is C$12.74. NuVista Energy has a 52-week low of C$9.59 and a 52-week high of C$14.86.
Insider Activity at NuVista Energy
In related news, Senior Officer Kevin Garth Asman sold 10,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of C$13.50, for a total value of C$135,000.00. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total value of C$316,042.77. Insiders sold a total of 130,121 shares of company stock worth $1,696,927 in the last three months. Company insiders own 20.25% of the company's stock.
NuVista Energy Company Profile
(
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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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