NuVista Energy Ltd. (TSE:NVA) Given Consensus Rating of “Buy” by Analysts

NuVista Energy Ltd. (TSE:NVA) has been given an average recommendation of “Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$15.97.

NVA has been the subject of several research analyst reports. TD Securities lowered their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. National Bankshares upgraded NuVista Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$14.50 to C$16.00 in a research note on Monday, November 11th. National Bank Financial raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Jefferies Financial Group lowered their price objective on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd.

Insider Activity at NuVista Energy

In related news, Senior Officer Michael Lawford sold 9,513 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$13.00, for a total value of C$123,669.00. Also, Senior Officer Joshua Thomas Truba sold 21,600 shares of NuVista Energy stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$13.11, for a total value of C$283,176.00. In the last ninety days, insiders have sold 58,577 shares of company stock valued at $742,356. 20.25% of the stock is owned by insiders.

NuVista Energy Stock Performance

The stock has a 50 day moving average of C$11.48 and a two-hundred day moving average of C$12.64. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. 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 company has a market cap of C$2.71 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 0.59 and a beta of 2.57.

NuVista Energy Company Profile

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.