NuVista Energy Ltd. (TSE:NVA) Receives Average Rating of “Buy” from Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$15.97.

Several brokerages have recently commented on NVA. National Bank Financial raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. TD Securities reduced their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares upgraded shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$14.50 to C$16.00 in a report on Monday, November 11th. Finally, Jefferies Financial Group decreased their price objective on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, September 16th.

NuVista Energy Price Performance

Shares of TSE:NVA opened at C$13.86 on Tuesday. The company has a market capitalization of C$2.86 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The stock has a fifty day moving average of C$11.59 and a 200-day moving average of C$12.67. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86.

Insider Buying and Selling at NuVista Energy

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$13.11, for a total value of C$316,042.77. Also, Senior Officer Michael Lawford sold 17,348 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total value of C$218,064.36. In the last quarter, insiders have sold 82,684 shares of company stock worth $1,058,399. 20.25% of the stock is currently owned by company insiders.

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.