NuVista Energy Ltd. (TSE:NVA) Receives C$16.64 Average PT from Brokerages

NuVista Energy Ltd. (TSE:NVA) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$16.64.

NVA has been the topic of several recent research reports. TD Securities dropped their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. BMO Capital Markets increased their target price on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group raised their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th.

Insider Transactions at NuVista Energy

In other news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$13.45, for a total transaction of C$503,527.65. Also, Senior Officer Michael Lawford sold 9,513 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$13.00, for a total transaction of C$123,669.00. In the last ninety days, insiders sold 168,764 shares of company stock valued at $2,262,806. Insiders own 20.25% of the company’s stock.

NuVista Energy Stock Down 0.8 %

NVA opened at C$14.03 on Wednesday. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$14.86. The company’s 50-day moving average price is C$13.08 and its two-hundred day moving average price is C$12.75. The stock has a market cap of C$2.89 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03.

About NuVista Energy

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.