NuVista Energy (TSE:NVA) Upgraded at Atb Cap Markets

Atb Cap Markets upgraded shares of NuVista Energy (TSE:NVA) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Scotiabank raised their price objective on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research note on Friday, March 7th. CIBC increased their price objective on NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. Desjardins downgraded NuVista Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$17.00 to C$16.25 in a report on Wednesday, March 19th. Finally, Jefferies Financial Group raised their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$17.54.

NuVista Energy Price Performance

NVA stock opened at C$13.73 on Tuesday. The stock has a market cap of C$2.81 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.59 and a beta of 2.57. NuVista Energy has a fifty-two week low of C$10.34 and a fifty-two week high of C$14.86. 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 has a 50 day moving average price of C$12.63 and a 200 day moving average price of C$12.48.

Insider Activity at NuVista Energy

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the business’s 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. Insiders sold 48,759 shares of company stock valued at $683,326 in the last ninety days. Corporate 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.