NuVista Energy (TSE:NVA) Price Target Raised to C$17.00 at Scotiabank

NuVista Energy (TSE:NVA) had its target price raised by Scotiabank from C$16.00 to C$17.00 in a research note released on Friday,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on NVA. TD Securities reduced their price target 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 report on Wednesday, December 18th. Jefferies Financial Group raised their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective for the company. in a report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$16.69.

NuVista Energy Stock Up 1.0 %

NVA stock opened at C$13.43 on Friday. The stock has a market cap of C$2.77 billion, a P/E ratio of 8.34, a PEG ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$14.86. The company’s 50 day moving average is C$13.36 and its two-hundred day moving average is C$12.76.

Insider Activity at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 9,513 shares of NuVista Energy 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 Christopher Mark Alessandro Legrow sold 24,107 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$13.11, for a total value of C$316,042.77. Insiders have sold a total of 168,764 shares of company stock worth $2,262,806 in the last three months. Insiders own 20.25% of the company’s stock.

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.