NuVista Energy (TSE:NVA) Cut to Sector Perform at National Bankshares

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

Several other analysts have also weighed in on the stock. TD Securities lowered their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Jefferies Financial Group lifted their price target on shares of NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. BMO Capital Markets raised their target price on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Finally, Cormark raised NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NuVista Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$16.64.

NuVista Energy Trading Up 0.6 %

TSE NVA opened at C$12.33 on Thursday. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86. 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 50 day simple moving average of C$12.32 and a 200 day simple moving average of C$12.73. The stock has a market capitalization of C$2.54 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Transactions at NuVista Energy

In other news, Senior Officer Michael Lawford sold 9,513 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$13.00, for a total value of C$123,669.00. Also, Senior Officer Joshua Thomas Truba sold 21,600 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$13.11, for a total transaction of C$283,176.00. Insiders sold a total of 130,121 shares of company stock valued at $1,696,927 over the last ninety days. 20.25% of the stock is currently owned by insiders.

About NuVista Energy

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.