Scotiabank Forecasts Strong Price Appreciation for NuVista Energy (TSE:NVA) Stock

NuVista Energy (TSE:NVA - Free Report) had its price target upped by Scotiabank from C$16.00 to C$17.00 in a research report report published on Friday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on NVA. Jefferies Financial Group lifted their price target on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. National Bankshares downgraded NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 target price on the stock. in a research note on Thursday, December 19th. Cormark raised NuVista Energy to a "strong-buy" rating in a research note on Monday, September 23rd. 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, National Bank Financial lowered shares of NuVista Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.69.

NuVista Energy Stock Performance

Shares of NuVista Energy stock traded up C$0.13 during trading on Friday, hitting C$13.43. 724,076 shares of the stock were exchanged, compared to its average volume of 704,685. The stock has a market cap of C$2.77 billion, a PE ratio of 8.34, a P/E/G ratio of 0.59 and a beta of 2.57. The stock's fifty day moving average is C$13.36 and its 200 day moving average is C$12.76. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$14.86. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90.

Insider Activity

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$14.30, for a total transaction of C$71,500.00. Also, Senior Officer Michael Lawford sold 9,513 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$13.00, for a total value of C$123,669.00. In the last quarter, insiders sold 168,764 shares of company stock worth $2,262,806. Corporate insiders own 20.25% of the company's stock.

About NuVista Energy

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.