NuVista Energy (TSE:NVA) Stock Passes Above 200 Day Moving Average - Should You Sell?

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.72 and traded as high as C$13.37. NuVista Energy shares last traded at C$13.24, with a volume of 472,765 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the company. National Bankshares lowered NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 target price for the company. in a report on Thursday, December 19th. National Bank Financial downgraded NuVista Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Jefferies Financial Group upped their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. BMO Capital Markets raised their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Finally, Cormark raised shares of NuVista Energy to a "strong-buy" rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$16.64.

NuVista Energy Trading Up 0.8 %

The stock's fifty day simple moving average is C$12.50 and its 200 day simple moving average is C$12.72. The firm has a market capitalization of C$2.73 billion, a PE ratio of 8.22, a PEG ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03.

Insider Activity at NuVista Energy

In related news, Senior Officer Michael Lawford sold 17,348 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total value of C$218,064.36. Also, Senior Officer Kevin Garth Asman sold 10,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of C$13.50, for a total value of C$135,000.00. Over the last three months, insiders have sold 130,121 shares of company stock worth $1,696,927. Corporate 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.