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

Shares of NuVista Energy Ltd. (TSE:NVA) have received an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$16.23.

A number of research firms recently weighed in on NVA. Jefferies Financial Group upped their price target on NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Monday, July 15th. BMO Capital Markets lifted their target price on shares of NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. TD Securities boosted their price target on NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Scotiabank lifted their target price on shares of NuVista Energy from C$15.00 to C$16.00 in a research note on Friday, July 12th. Finally, CIBC increased their target price on shares of NuVista Energy from C$16.50 to C$20.00 in a research report on Monday, July 15th.

Insider Buying and Selling

In other news, Director Keith A.J. Macphail sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of C$14.20, for a total value of C$284,000.00. In other NuVista Energy news, Director Keith A.J. Macphail sold 20,000 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of C$14.20, for a total transaction of C$284,000.00. Also, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total transaction of C$67,267.98. Over the last three months, insiders sold 30,253 shares of company stock worth $421,716. Company insiders own 20.18% of the company’s stock.

NuVista Energy Stock Down 1.3 %

NVA stock opened at C$13.28 on Friday. The firm’s fifty day moving average is C$13.52 and its 200 day moving average is C$12.52. The firm has a market cap of C$2.74 billion, a PE ratio of 8.25, a P/E/G ratio of 0.59 and a beta of 2.83. 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 quick ratio of 0.78 and a current ratio of 0.90.

NuVista Energy Company Profile

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.