NuVista Energy (TSE:NVA) Price Target Raised to C$19.00 at BMO Capital Markets

NuVista Energy (TSE:NVA) had its price objective increased by BMO Capital Markets from C$18.00 to C$19.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. TD Securities dropped their price target on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Jefferies Financial Group lowered their target price on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, National Bankshares upgraded NuVista Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$14.50 to C$16.00 in a report on Monday, November 11th. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$16.08.

NuVista Energy Trading Down 0.4 %

NuVista Energy stock opened at C$13.44 on Friday. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The firm’s fifty day moving average price is C$12.16 and its 200-day moving average price is C$12.74. The stock has a market cap of C$2.77 billion, a P/E ratio of 8.35, a PEG ratio of 0.59 and a beta of 2.57. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86.

Insider Transactions at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 10,116 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of C$11.61, for a total value of C$117,446.76. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$13.45, for a total transaction of C$503,527.65. Insiders sold 130,121 shares of company stock worth $1,696,927 in the last three months. Corporate insiders own 20.25% of the company’s stock.

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.