NuVista Energy Ltd. (TSE:NVA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.47 and traded as high as C$12.62. NuVista Energy shares last traded at C$12.47, with a volume of 1,535,428 shares traded.
Analysts Set New Price Targets
Several research firms have recently weighed in on NVA. National Bank Financial cut NuVista Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. National Bankshares downgraded shares of NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 price objective on the stock. in a report on Thursday, December 19th. Scotiabank raised their target price on shares of NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Finally, Jefferies Financial Group boosted their price target on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$17.54.
Read Our Latest Report on NuVista Energy
NuVista Energy Price Performance
The stock has a market capitalization of C$2.61 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The company's 50-day simple moving average is C$12.65 and its 200-day simple moving average is C$12.47.
Insider Buying and Selling
In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of C$13.87, for a total transaction of C$208,050.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total transaction of C$403,776.36. In the last 90 days, insiders sold 48,759 shares of company stock valued at $683,326. 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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