NuVista Energy (TSE:NVA) Upgraded at National Bankshares

NuVista Energy (TSE:NVA - Get Free Report) was upgraded by equities research analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a C$16.00 price target on the stock, up from their prior price target of C$14.50. National Bankshares' price target suggests a potential upside of 29.45% from the company's previous close.

A number of other brokerages also recently commented on NVA. Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research report on Monday, September 23rd. CIBC increased their target price on NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. TD Securities cut their price target on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Finally, Jefferies Financial Group cut their price target on shares of NuVista Energy from C$17.00 to C$14.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$15.97.

NuVista Energy Trading Down 1.7 %

NuVista Energy stock traded down C$0.21 during midday trading on Monday, reaching C$12.36. 322,037 shares of the stock traded hands, compared to its average volume of 599,382. NuVista Energy has a 12-month low of C$9.59 and a 12-month high of C$14.86. The company has a 50-day simple moving average of C$11.50 and a two-hundred day simple moving average of C$12.63. The firm has a market cap of C$2.55 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03.

NuVista Energy (TSE:NVA - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.53 EPS for the quarter, topping the consensus estimate of C$0.35 by C$0.18. The firm had revenue of C$323.35 million for the quarter, compared to analyst estimates of C$312.00 million. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. Research analysts expect that NuVista Energy will post 1.0702905 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Michael Lawford sold 10,116 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total value of C$67,267.98. Also, Senior Officer Michael Lawford sold 10,116 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total value of C$117,446.76. Company insiders own 20.25% of the company's stock.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.

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