NuVista Energy (TSE:NVA) Upgraded by Atb Cap Markets to “Strong-Buy” Rating

Atb Cap Markets upgraded shares of NuVista Energy (TSE:NVA) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research report on Friday, March 7th. Scotiabank boosted their price objective on shares of NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Desjardins lowered NuVista Energy from a “buy” rating to a “hold” rating and cut their target price for the company from C$17.00 to C$16.25 in a research report on Wednesday, March 19th. Finally, National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$17.54.

NuVista Energy Stock Down 0.4 %

NVA opened at C$13.73 on Tuesday. NuVista Energy has a 1 year low of C$10.34 and a 1 year high of C$14.86. The firm has a 50 day moving average price of C$12.63 and a 200 day moving average price of C$12.48. 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 has a market cap of C$2.81 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Activity

In other NuVista Energy news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’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. Also, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of NuVista Energy stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of C$13.87, for a total transaction of C$208,050.00. Over the last ninety days, insiders have sold 48,759 shares of company stock valued at $683,326. Company insiders own 20.25% of the company’s stock.

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.