NuVista Energy (TSE:NVA) Cut to Hold at Desjardins

Desjardins cut shares of NuVista Energy (TSE:NVA) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have C$16.25 price target on the stock, down from their previous price target of C$17.00.

A number of other equities analysts have also recently commented 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. Cormark upgraded NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. BMO Capital Markets boosted their price objective on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Scotiabank boosted their price objective on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Finally, CIBC boosted their price objective on NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$17.54.

NuVista Energy Stock Up 1.2 %

Shares of TSE:NVA opened at C$12.74 on Wednesday. The stock has a market cap of C$2.61 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. NuVista Energy has a 12-month low of C$10.34 and a 12-month high of C$14.86. The business’s 50 day moving average is C$12.65 and its 200 day moving average is C$12.47.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total value of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of C$13.87, for a total value of C$208,050.00. In the last ninety days, insiders sold 48,759 shares of company stock worth $683,326. 20.25% of the stock is currently owned by company insiders.

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.