National Bankshares Upgrades NuVista Energy (TSE:NVA) to “Outperform”

National Bankshares upgraded shares of NuVista Energy (TSE:NVA) from a sector perform rating to an outperform rating in a report released on Monday,BayStreet.CA reports. They currently have C$16.00 price target on the stock, up from their prior price target of C$14.50.

NVA has been the topic of a number of other reports. TD Securities dropped their price target on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Cormark raised NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Jefferies Financial Group dropped their price target on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, CIBC upped their price target on NuVista Energy from C$16.50 to C$20.00 in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$15.97.

NuVista Energy Stock Up 1.5 %

Shares of TSE:NVA opened at C$12.46 on Monday. The company has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 7.74, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78. The business’s 50-day moving average is C$11.47 and its 200-day moving average is C$12.64. NuVista Energy has a 1 year low of C$9.59 and a 1 year high of C$14.86.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Michael Lawford sold 10,116 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of C$11.61, for a total transaction of C$117,446.76. Corporate insiders own 20.25% of the company’s stock.

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.