NuVista Energy (TSE:NVA) Upgraded by Raymond James to “Moderate Buy” Rating

Raymond James upgraded shares of NuVista Energy (TSE:NVA) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities analysts also recently commented on NVA. Atb Cap Markets raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Scotiabank upped their target price on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Jefferies Financial Group lifted their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective for the company. in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$17.47.

NuVista Energy Stock Up 5.5 %

NVA stock opened at C$11.83 on Monday. The firm has a 50-day moving average price of C$12.42 and a 200-day moving average price of C$12.53. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$14.86. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The stock has a market capitalization of C$2.42 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Activity at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of NuVista Energy stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$14.30, for a total value of C$71,500.00. Also, Senior Officer Michael Lawford sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total value of C$282,870.00. Insiders have sold 28,227 shares of company stock worth $384,657 over the last ninety days. Insiders own 20.25% of the company’s stock.

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.