NuVista Energy (TSE:NVA) Stock Passes Above 200-Day Moving Average – Should You Sell?

NuVista Energy Ltd. (TSE:NVA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.75 and traded as high as C$13.79. NuVista Energy shares last traded at C$13.58, with a volume of 422,445 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. 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. National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. CIBC boosted their price target on NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. Finally, National Bankshares lowered NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target for the company. in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$16.97.

NuVista Energy Stock Down 1.2 %

The company has a market cap of C$2.80 billion, a P/E ratio of 8.43, a P/E/G 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. The business’s 50 day moving average is C$13.50 and its 200 day moving average is C$12.75.

NuVista Energy (TSE:NVA) last issued its quarterly earnings data on Friday, November 8th. The company reported C$0.29 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.11. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. As a group, equities analysts anticipate that NuVista Energy Ltd. will post 1.0702905 earnings per share for the current fiscal year.

Insider Transactions at NuVista Energy

In other news, Senior Officer Kevin Garth Asman sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of C$13.50, for a total transaction of C$135,000.00. Also, Senior Officer Michael Lawford sold 17,348 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total value of C$218,064.36. Over the last three months, insiders have sold 168,764 shares of company stock valued at $2,262,806. Corporate insiders own 20.25% of the company’s stock.

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.