NuVista Energy (TSE:NVA) Sets New 52-Week Low – Here’s What Happened

NuVista Energy Ltd. (TSE:NVA) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.00 and last traded at C$11.73, with a volume of 290644 shares. The stock had previously closed at C$11.85.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NVA shares. BMO Capital Markets upped their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Jefferies Financial Group upped their price objective on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Scotiabank lifted their target price on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. CIBC upped their price target on NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. Finally, National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.97.

NuVista Energy Stock Down 5.7 %

The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The firm has a 50-day moving average of C$13.16 and a 200 day moving average of C$12.57. The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Transactions at NuVista Energy

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of NuVista Energy stock in a transaction dated 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 Jonathan Andrew Wright sold 37,437 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$13.45, for a total value of C$503,527.65. Over the last ninety days, insiders have sold 86,196 shares of company stock valued at $1,186,854. 20.25% of the stock is currently owned by insiders.

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.