NuVista Energy Ltd. (TSE:NVA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$16.97.

NVA has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. CIBC increased their price target on shares of NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. BMO Capital Markets upped their price objective on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Finally, National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price for the company. in a report on Thursday, December 19th.

NuVista Energy Stock Down 0.5 %

Shares of NVA opened at C$12.02 on Thursday. The business’s 50 day simple moving average is C$13.17 and its 200-day simple moving average is C$12.58. NuVista Energy has a 1 year low of C$10.34 and a 1 year high of C$14.86. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Activity at NuVista Energy

In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of C$13.87, for a total value of C$208,050.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total transaction of C$403,776.36. Insiders sold a total of 86,196 shares of company stock worth $1,186,854 in the last quarter. 20.25% of the stock is 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.