NuVista Energy (TSE:NVA) Given New C$19.00 Price Target at Jefferies Financial Group

NuVista Energy (TSE:NVA) had its target price boosted by Jefferies Financial Group from C$14.00 to C$19.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 40.95% from the stock’s previous close.

Several other analysts have also weighed in on NVA. TD Securities lowered their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. National Bank Financial upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. National Bankshares upgraded shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$14.50 to C$16.00 in a research note on Monday, November 11th. Finally, BMO Capital Markets boosted their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NuVista Energy has a consensus rating of “Buy” and an average target price of C$16.64.

NuVista Energy Price Performance

NVA stock opened at C$13.48 on Monday. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. The firm has a fifty day moving average price of C$12.21 and a two-hundred day moving average price of C$12.74. The firm has a market cap of C$2.78 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.59 and a beta of 2.57.

Insider Activity

In related news, Senior Officer Michael Lawford sold 10,116 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$11.61, for a total value of C$117,446.76. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$13.11, for a total transaction of C$316,042.77. Over the last quarter, insiders sold 130,121 shares of company stock valued at $1,696,927. 20.25% of the stock is currently owned by company insiders.

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.