NuVista Energy (TSE:NVA) Stock Crosses Above Two Hundred Day Moving Average of $11.81

NuVista Energy Ltd. (TSE:NVA) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.81 and traded as high as C$13.49. NuVista Energy shares last traded at C$13.04, with a volume of 557,258 shares changing hands.

Analysts Set New Price Targets

NVA has been the topic of several recent analyst reports. BMO Capital Markets set a C$17.00 price target on NuVista Energy and gave the company an “outperform” rating in a research note on Tuesday, April 9th. TD Securities lifted their price target on NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Desjardins decreased their price target on NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group set a C$13.00 price target on NuVista Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, CIBC lifted their price target on NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NuVista Energy has an average rating of “Moderate Buy” and a consensus price target of C$15.31.

NuVista Energy Price Performance

The firm has a market cap of C$2.69 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 15.87. The business has a 50-day moving average of C$13.00 and a two-hundred day moving average of C$11.81.

NuVista Energy (TSE:NVA) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.14). The firm had revenue of C$309.02 million for the quarter, compared to the consensus estimate of C$276.00 million. NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. On average, sell-side analysts anticipate that NuVista Energy Ltd. will post 1.3395253 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NuVista Energy news, insider Paramount Resources Ltd. sold 6,000,000 shares of NuVista Energy stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$12.50, for a total transaction of C$75,000,000.00. In other news, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$12.50, for a total value of C$75,000,000.00. Also, Senior Officer Jonathan Andrew Wright sold 28,946 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$12.76, for a total value of C$369,350.96. In the last three months, insiders have sold 6,094,560 shares of company stock valued at $76,210,753. 20.23% of the stock is currently owned by company insiders.

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.