NuVista Energy (TSE:NVA) Reaches New 52-Week Low - What's Next?

NuVista Energy Ltd. (TSE:NVA - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as C$0.00 and last traded at C$11.73, with a volume of 290644 shares changing hands. The stock had previously closed at C$11.85.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. CIBC raised their price objective on shares of NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. BMO Capital Markets boosted their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. National Bank Financial downgraded shares of NuVista Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. National Bankshares cut 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. Finally, Jefferies Financial Group increased their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$17.32.

NuVista Energy Stock Up 3.3 %

The firm's 50-day moving average price is C$13.01 and its 200 day moving average price is C$12.53. 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 company has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.59 and a beta of 2.57.

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Insiders Place Their Bets

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company'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. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Insiders sold 48,759 shares of company stock worth $683,326 over the last three months. 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.