Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.61 and traded as high as C$13.00. NuVista Energy shares last traded at C$12.95, with a volume of 516,541 shares trading hands.
Wall Street Analysts Forecast Growth
NVA has been the subject of a number of recent research reports. BMO Capital Markets increased their target price on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Scotiabank increased their target price on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. CIBC increased their target price on NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. Jefferies Financial Group increased their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, National Bank Financial lowered NuVista Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$16.97.
Read Our Latest Stock Analysis on NuVista Energy
NuVista Energy Stock Down 2.9 %
The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a 50 day simple moving average of C$13.25 and a two-hundred day simple moving average of C$12.61. The stock has a market cap of C$2.57 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.59 and a beta of 2.57.
Insider Buying and Selling
In other news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of NuVista Energy stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$13.45, for a total transaction of C$503,527.65. Also, Senior Officer Kevin Garth Asman sold 10,000 shares of NuVista Energy stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of C$13.50, for a total value of C$135,000.00. Insiders have sold 96,196 shares of company stock worth $1,321,854 in the last three months. 20.25% of the stock is currently owned by insiders.
About NuVista Energy
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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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