NuVista Energy (TSE:NVA - Get Free Report) was upgraded by equities researchers at Atb Cap Markets from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.
NVA has been the topic of several other research reports. National Bankshares cut 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 report on Thursday, December 19th. Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research report on Friday, March 7th. CIBC raised their target price on NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. BMO Capital Markets upped their price objective on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Finally, Scotiabank lifted their target price on shares of NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$17.54.
Check Out Our Latest Stock Analysis on NuVista Energy
NuVista Energy Trading Down 1.7 %
Shares of NVA stock traded down C$0.23 during mid-day trading on Tuesday, hitting C$13.50. The company's stock had a trading volume of 804,748 shares, compared to its average volume of 855,303. NuVista Energy has a 52 week low of C$10.34 and a 52 week high of C$14.86. 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 company's fifty day simple moving average is C$12.63 and its 200-day simple moving average is C$12.49. The company has a market cap of C$2.76 billion, a PE ratio of 9.44, a P/E/G ratio of 0.59 and a beta of 2.57.
Insider Buying and Selling
In related news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total value of C$71,500.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the firm's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total value of C$403,776.36. In the last 90 days, insiders have sold 48,759 shares of company stock valued at $683,326. Company insiders own 20.25% of the company's stock.
NuVista Energy Company Profile
(
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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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