NuVista Energy (TSE:NVA) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

NuVista Energy Ltd. (TSE:NVAGet Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.47 and traded as high as C$12.62. NuVista Energy shares last traded at C$12.47, with a volume of 1,535,428 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. 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 upped their price objective on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a research note on Thursday, December 19th. CIBC boosted their target price on shares of NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. Finally, Scotiabank upped their target price on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NuVista Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$17.32.

Read Our Latest Stock Report on NuVista Energy

NuVista Energy Price Performance

The firm has a market capitalization of C$2.55 billion, a P/E ratio of 8.72, a PEG ratio of 0.59 and a beta of 2.57. The company has a fifty day moving average of C$12.74 and a 200 day moving average of C$12.47. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78.

Insider Activity

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total value of C$403,776.36. In the last three months, insiders have sold 48,759 shares of company stock valued at $683,326. 20.25% of the stock is currently owned by insiders.

About NuVista Energy

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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.

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