BMO Capital Markets Issues Positive Forecast for NuVista Energy (TSE:NVA) Stock Price

NuVista Energy (TSE:NVA) had its price target lifted by analysts at BMO Capital Markets from C$18.00 to C$19.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 41.37% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. National Bankshares upgraded shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$14.50 to C$16.00 in a report on Monday, November 11th. Jefferies Financial Group reduced their target price on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating on the stock in a report on Monday, September 16th. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. TD Securities cut their price objective on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Finally, Cormark upgraded NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$16.08.

NuVista Energy Price Performance

NVA opened at C$13.44 on Friday. NuVista Energy has a 1 year low of C$9.59 and a 1 year high of C$14.86. The company’s 50 day simple moving average is C$12.16 and its 200 day simple moving average is C$12.74. The stock has a market capitalization of C$2.77 billion, a PE ratio of 8.35, 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 quick ratio of 0.78 and a current ratio of 0.90.

Insider Buying and Selling

In other news, Senior Officer Michael Lawford sold 10,116 shares of NuVista Energy stock in a transaction dated Monday, October 7th. The stock was sold at an average price of C$11.61, for a total transaction of C$117,446.76. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$13.45, for a total value of C$503,527.65. In the last ninety days, insiders have sold 130,121 shares of company stock valued at $1,696,927. Corporate 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.