NuVista Energy (TSE:NVA) Rating Increased to Moderate Buy at Raymond James

NuVista Energy (TSE:NVA - Get Free Report) was upgraded by investment analysts at Raymond James to a "moderate buy" rating in a research note issued on Monday, April 7th,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. National Bankshares lowered NuVista Energy from an "outperform" rating to a "sector perform" rating and set a C$16.00 price target for the company. in a research note on Thursday, December 19th. BMO Capital Markets raised their price objective on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Jefferies Financial Group increased their target price on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Finally, Scotiabank lifted their price objective on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NuVista Energy currently has an average rating of "Moderate Buy" and an average price target of C$17.28.

NuVista Energy Stock Performance

Shares of NVA traded up C$0.16 during mid-day trading on Monday, reaching C$11.35. The company had a trading volume of 199,168 shares, compared to its average volume of 883,243. The stock has a market capitalization of C$2.32 billion, a P/E ratio of 7.94, a PEG ratio of 0.59 and a beta of 2.57. NuVista Energy has a 52-week low of C$10.34 and a 52-week high of C$14.86. The stock has a 50 day moving average of C$12.34 and a two-hundred day moving average of C$12.52. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11.

Remove Ads

Insider Activity at NuVista Energy

In other NuVista Energy news, Senior Officer Ivan J. Condic sold 2,227 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total transaction of C$30,287.20. Also, Senior Officer Michael Lawford sold 21,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of C$13.47, for a total value of C$282,870.00. 20.25% of the stock is currently owned by company insiders.

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.