Ivan J. Condic Sells 971 Shares of NuVista Energy Ltd. (TSE:NVA) Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Ivan J. Condic sold 971 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$13.34, for a total value of C$12,953.14.

NuVista Energy Price Performance

Shares of NuVista Energy stock opened at C$14.22 on Monday. NuVista Energy Ltd. has a 1-year low of C$9.59 and a 1-year high of C$14.38. The firm has a fifty day simple moving average of C$13.18 and a 200-day simple moving average of C$11.93. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 15.87. The stock has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 0.59 and a beta of 2.83.

NuVista Energy (TSE:NVA) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.14). The firm had revenue of C$309.02 million for the quarter, compared to the consensus estimate of C$276.00 million. NuVista Energy had a net margin of 26.88% and a return on equity of 15.57%. On average, sell-side analysts expect that NuVista Energy Ltd. will post 1.3395253 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. National Bankshares boosted their price objective on shares of NuVista Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. BMO Capital Markets upped their price target on shares of NuVista Energy from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. TD Securities boosted their target price on NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a research note on Friday, June 14th. CIBC raised their price objective on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, Desjardins dropped their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$15.42.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.