Jefferies Financial Group Issues Positive Forecast for NuVista Energy (TSE:NVA) Stock Price

NuVista Energy (TSE:NVA) had its price objective increased by Jefferies Financial Group from C$14.00 to C$19.00 in a research report sent to investors on Monday,BayStreet.CA reports.

NVA has been the subject of several other research reports. BMO Capital Markets lifted their price target on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday. National Bank Financial upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. TD Securities dropped their target price on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$14.50 to C$16.00 in a research report on Monday, November 11th. Eight equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$16.64.

NuVista Energy Trading Up 0.3 %

NuVista Energy stock opened at C$13.48 on Monday. The stock has a market cap of C$2.78 billion, a P/E ratio of 8.37, a PEG ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The firm’s fifty day moving average price is C$12.21 and its 200-day moving average price is C$12.74. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Michael Lawford sold 17,348 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total value of C$218,064.36. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were 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 corporate 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.