NuVista Energy (TSE:NVA) Stock Passes Above 200-Day Moving Average – Should You Sell?

NuVista Energy Ltd. (TSE:NVA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.75 and traded as high as C$13.79. NuVista Energy shares last traded at C$13.58, with a volume of 422,445 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Securities cut their target price on NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. BMO Capital Markets upped their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. National Bank Financial lowered shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a report on Thursday, December 19th. Finally, Jefferies Financial Group upped their price target on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.97.

NuVista Energy Stock Performance

The firm’s 50 day moving average price is C$13.50 and its 200-day moving average price is C$12.75. 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 firm has a market capitalization of C$2.80 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

NuVista Energy (TSE:NVA) last posted its earnings results on Friday, November 8th. The company reported C$0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.11. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. On average, research analysts expect that NuVista Energy Ltd. will post 1.0702905 EPS for the current year.

Insider Transactions at NuVista Energy

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total transaction of C$316,042.77. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total transaction of C$403,776.36. Insiders have sold a total of 168,764 shares of company stock valued at $2,262,806 in the last ninety days. 20.25% of the stock is currently owned by corporate 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.