Brokerages Set NuVista Energy Ltd. (TSE:NVA) Price Target at C$17.54

Shares of NuVista Energy Ltd. (TSE:NVA) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$17.54.

NVA has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Desjardins cut NuVista Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$17.00 to C$16.25 in a research report on Wednesday, March 19th. Atb Cap Markets upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group lifted their price target on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Finally, CIBC raised their price objective on shares of NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th.

Insider Transactions at NuVista Energy

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total value of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$14.30, for a total transaction of C$71,500.00. In the last quarter, insiders have sold 48,759 shares of company stock valued at $683,326. 20.25% of the stock is owned by corporate insiders.

NuVista Energy Trading Up 3.1 %

Shares of NVA stock opened at C$13.78 on Monday. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$14.86. The company has a market cap of C$2.82 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. 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 50 day moving average is C$12.62 and its two-hundred day moving average is C$12.48.

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.