NuVista Energy (TSE:NVA) Stock Price Expected to Rise, Scotiabank Analyst Says

NuVista Energy (TSE:NVA) had its price target lifted by Scotiabank from C$16.00 to C$17.00 in a report released on Friday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 26.58% from the company’s previous close.

NVA has been the subject of several other reports. National Bank Financial downgraded shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a research report on Thursday, December 19th. TD Securities cut their price target on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Finally, BMO Capital Markets increased their price target on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$16.69.

NuVista Energy Stock Up 1.0 %

Shares of TSE NVA opened at C$13.43 on Friday. The company has a market cap of C$2.77 billion, a P/E ratio of 8.34, a PEG ratio of 0.59 and a beta of 2.57. The firm has a 50-day simple moving average of C$13.36 and a two-hundred day simple moving average of C$12.76. NuVista Energy has a 1 year low of C$9.59 and a 1 year high of C$14.86. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Also, Senior Officer Michael Lawford sold 17,348 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36. Over the last 90 days, insiders have sold 168,764 shares of company stock worth $2,262,806. 20.25% of the stock is owned by insiders.

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.