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

NuVista Energy Ltd. (TSE:NVA)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.72 and traded as high as C$13.37. NuVista Energy shares last traded at C$13.24, with a volume of 472,765 shares traded.

Wall Street Analyst Weigh In

NVA has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. 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. National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price on the stock. in a research report on Thursday, December 19th. BMO Capital Markets boosted their price target on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Finally, National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NuVista Energy presently has an average rating of “Moderate Buy” and an average price target of C$16.64.

NuVista Energy Stock Up 0.8 %

The business has a 50 day moving average of C$12.46 and a two-hundred day moving average of C$12.72. The stock has a market capitalization of C$2.73 billion, a PE ratio of 8.22, 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.

Insiders Place Their Bets

In other news, Senior Officer Michael Lawford sold 10,116 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$11.61, for a total value of C$117,446.76. Also, Senior Officer Kevin Garth Asman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of C$13.50, for a total value of C$135,000.00. Over the last ninety days, insiders sold 130,121 shares of company stock worth $1,696,927. 20.25% of the stock is owned by corporate 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.