NuVista Energy Ltd. (TSE:NVA) Given Average Recommendation of “Moderate Buy” by Analysts

NuVista Energy Ltd. (TSE:NVA) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$17.54.

NVA has been the topic of a number of analyst reports. Desjardins cut shares of NuVista Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$17.00 to C$16.25 in a report on Wednesday, March 19th. National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Atb Cap Markets raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Finally, National Bankshares downgraded 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.

NuVista Energy Stock Performance

TSE NVA opened at C$13.50 on Monday. The firm has a market cap of C$2.76 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The company’s 50 day moving average is C$12.63 and its 200-day moving average is C$12.49. NuVista Energy has a 12-month low of C$10.34 and a 12-month high of C$14.86.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Joshua Thomas Truba sold 28,759 shares of NuVista Energy stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total transaction of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$14.30, for a total value of C$71,500.00. Over the last three months, insiders have sold 48,759 shares of company stock worth $683,326. 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.