Scotiabank Issues Positive Forecast for NuVista Energy (TSE:NVA) Stock Price

NuVista Energy (TSE:NVA) had its price target boosted by Scotiabank from C$16.00 to C$17.00 in a research report report published on Friday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on NVA. National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets upped their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective on the stock. in a research note on Thursday, December 19th. Finally, TD Securities lowered their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.69.

NuVista Energy Trading Up 1.0 %

TSE:NVA opened at C$13.43 on Friday. NuVista Energy has a 52-week low of C$9.59 and a 52-week high of C$14.86. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The stock has a fifty day simple moving average of C$13.36 and a 200-day simple moving average of C$12.76. The company has a market capitalization of C$2.77 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insiders Place Their Bets

In other news, Senior Officer Michael Lawford sold 9,513 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$13.00, for a total transaction of C$123,669.00. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of C$14.30, for a total transaction of C$71,500.00. Insiders have sold a total of 168,764 shares of company stock valued at $2,262,806 over the last quarter. Company 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.