NuVista Energy Ltd. (TSE:NVA) Receives C$16.08 Average Target Price from Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$16.64.

A number of equities analysts have recently commented on the stock. National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$14.50 to C$16.00 in a report on Monday, November 11th. Jefferies Financial Group lifted their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, TD Securities dropped their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st.

Insiders Place Their Bets

In related news, Senior Officer Michael Lawford sold 10,116 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$11.61, for a total value of C$117,446.76. Also, Senior Officer Joshua Thomas Truba sold 21,600 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$13.11, for a total transaction of C$283,176.00. In the last ninety days, insiders have sold 130,121 shares of company stock worth $1,696,927. Corporate insiders own 20.25% of the company’s stock.

NuVista Energy Stock Up 0.3 %

NVA stock opened at C$13.48 on Friday. The company’s 50 day moving average is C$12.21 and its two-hundred day moving average is C$12.74. 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. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$14.86. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03.

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.