NuVista Energy (TSE:NVA) Upgraded at National Bankshares

National Bankshares upgraded shares of NuVista Energy (TSE:NVA) from a sector perform rating to an outperform rating in a report released on Monday morning,BayStreet.CA reports. They currently have C$16.00 target price on the stock, up from their prior target price of C$14.50.

Several other equities analysts have also recently weighed in on NVA. Jefferies Financial Group dropped their price objective on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, September 16th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. TD Securities decreased their price target on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Finally, CIBC lifted their price target on NuVista Energy from C$16.50 to C$20.00 in a research note on Monday, July 15th. Eight equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NuVista Energy presently has an average rating of “Buy” and an average price target of C$15.97.

NuVista Energy Price Performance

Shares of TSE NVA opened at C$12.46 on Monday. The stock has a market capitalization of C$2.57 billion, a PE ratio of 7.74, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78. The business has a fifty day moving average price of C$11.47 and a two-hundred day moving average price of C$12.64. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86.

Insider Buying and Selling

In related news, Senior Officer Michael Lawford sold 10,116 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$11.61, for a total transaction of C$117,446.76. 20.25% of the stock is currently owned by corporate 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.