NuVista Energy (TSE:NVA) Downgraded by National Bankshares to “Sector Perform”

NuVista Energy (TSE:NVA) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$16.00 price target on the stock. National Bankshares’ target price would suggest a potential upside of 29.76% from the stock’s current price.

A number of other brokerages have also commented on NVA. 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. Jefferies Financial Group raised their price target on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. TD Securities dropped their target price on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. BMO Capital Markets lifted their target price on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Finally, Cormark raised NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.64.

NuVista Energy Trading Up 0.6 %

TSE NVA opened at C$12.33 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.86. The business has a 50 day moving average price of C$12.32 and a 200-day moving average price of C$12.73. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Activity at NuVista Energy

In other news, Senior Officer Michael Lawford sold 17,348 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total transaction of C$218,064.36. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of NuVista Energy stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$13.45, for a total value of C$503,527.65. Over the last 90 days, insiders sold 130,121 shares of company stock worth $1,696,927. 20.25% of the stock is owned by company insiders.

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.