Analysts Set NuVista Energy Ltd. (TSE:NVA) Target Price at C$16.08

Shares of NuVista Energy Ltd. (TSE:NVA) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$16.64.

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

Insider Buying and Selling at NuVista Energy

In other news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the company’s 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 17,348 shares of the stock in a transaction that occurred 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. Insiders sold a total of 130,121 shares of company stock worth $1,696,927 over the last 90 days. Insiders own 20.25% of the company’s stock.

NuVista Energy Trading Up 0.6 %

TSE:NVA opened at C$12.33 on Friday. The business’s 50-day moving average is C$12.32 and its two-hundred day moving average is C$12.73. The firm has a market capitalization of C$2.54 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$14.86. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78.

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.