CIBC Lowers NuVista Energy (TSE:NVA) Price Target to C$18.00

NuVista Energy (TSE:NVA) had its price target decreased by stock analysts at CIBC from C$19.50 to C$18.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 60.86% from the stock’s current price.

NVA has been the subject of a number of other research reports. Raymond James cut their price objective on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday. National Bank Financial downgraded 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. Jefferies Financial Group upped their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, BMO Capital Markets increased their target price on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, NuVista Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$17.28.

NuVista Energy Trading Up 1.6 %

NuVista Energy stock opened at C$11.19 on Thursday. The stock has a 50-day moving average price of C$12.34 and a 200 day moving average price of C$12.51. NuVista Energy has a 52 week low of C$10.34 and a 52 week high of C$14.86. The stock has a market cap of C$2.29 billion, a PE ratio of 7.82, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11.

Insider Transactions at NuVista Energy

In other news, Senior Officer Michael Lawford sold 21,000 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$13.47, for a total value of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of NuVista Energy stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total transaction of C$30,287.20. Company insiders own 20.25% of the company’s stock.

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.