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

NuVista Energy Ltd. (TSE:NVA)’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.

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

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.