NuVista Energy Ltd. (TSE:NVA) Receives C$15.97 Consensus Target Price from Brokerages

NuVista Energy Ltd. (TSE:NVA) has earned a consensus rating of “Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$15.97.

NVA has been the subject of several recent research reports. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Jefferies Financial Group decreased their target price on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research report on Monday, September 16th. National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$14.50 to C$16.00 in a research report on Monday, November 11th. National Bank Financial upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, TD Securities dropped their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st.

NuVista Energy Trading Up 5.8 %

NVA opened at C$14.17 on Tuesday. NuVista Energy has a 1-year low of C$9.59 and a 1-year 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. The company has a market cap of C$2.92 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a fifty day moving average price of C$11.51 and a two-hundred day moving average price of C$12.65.

Insider Activity at NuVista Energy

In other news, Senior Officer Joshua Thomas Truba sold 21,600 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$13.11, for a total transaction of C$283,176.00. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total transaction of C$316,042.77. In the last ninety days, insiders have sold 82,684 shares of company stock worth $1,058,399. 20.25% of the stock is owned by corporate insiders.

NuVista Energy Company Profile

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.