Scotiabank Forecasts Strong Price Appreciation for NuVista Energy (TSE:NVA) Stock

NuVista Energy (TSE:NVAGet Free Report) had its price target lifted by stock analysts at Scotiabank from C$16.00 to C$17.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 26.58% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. National Bank Financial downgraded shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets increased their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Jefferies Financial Group raised their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Finally, National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price on the stock. in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$16.69.

Get Our Latest Stock Analysis on NVA

NuVista Energy Price Performance

NVA stock opened at C$13.43 on Friday. The firm has a market cap of C$2.77 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The company’s 50-day moving average price is C$13.36 and its two-hundred day moving average price is C$12.76. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$14.86.

Insider Activity at NuVista Energy

In related news, Senior Officer Michael Lawford sold 17,348 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36. Also, Senior Officer Joshua Thomas Truba sold 21,600 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$13.11, for a total transaction of C$283,176.00. Over the last ninety days, insiders sold 168,764 shares of company stock worth $2,262,806. 20.25% of the stock is owned by company insiders.

About NuVista Energy

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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.

Further Reading

Analyst Recommendations for NuVista Energy (TSE:NVA)

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