NuVista Energy (TSE:NVA) Shares Cross Above 200 Day Moving Average – What’s Next?

NuVista Energy Ltd. (TSE:NVA) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.65 and traded as high as C$12.97. NuVista Energy shares last traded at C$12.80, with a volume of 916,305 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NVA shares. Scotiabank lifted their price target on shares of NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets increased their target price on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Jefferies Financial Group boosted their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, CIBC upped their price objective on shares of NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.97.

NuVista Energy Stock Up 1.9 %

The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The firm has a 50 day moving average of C$13.37 and a two-hundred day moving average of C$12.65. The firm has a market capitalization of C$2.64 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Transactions at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$14.30, for a total value of C$71,500.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total value of C$403,776.36. Over the last 90 days, insiders sold 151,416 shares of company stock valued at $2,044,742. 20.25% of the stock is currently 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.