Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 21,000 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Michael Lawford sold 21,000 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$13.47, for a total value of C$282,870.00.

NuVista Energy Stock Down 5.5 %

NVA opened at C$11.21 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The business’s fifty day simple moving average is C$12.47 and its 200 day simple moving average is C$12.53. NuVista Energy Ltd. has a 52 week low of C$10.34 and a 52 week high of C$14.86. The stock has a market cap of C$2.30 billion, a PE ratio of 7.84, a P/E/G ratio of 0.59 and a beta of 2.57.

Analysts Set New Price Targets

NVA has been the topic of several analyst reports. Atb Cap Markets upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. BMO Capital Markets upped their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. CIBC increased their target price on shares of NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. Jefferies Financial Group boosted their price target on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Finally, Raymond James set a C$18.00 price objective on NuVista Energy and gave the stock an “outperform” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NuVista Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$17.59.

About NuVista Energy

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.