Desjardins Upgrades NuVista Energy (TSE:NVA) to "Moderate Buy"

NuVista Energy (TSE:NVA - Get Free Report) was upgraded by equities researchers at Desjardins from a "hold" rating to a "moderate buy" rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. CIBC cut their price objective on shares of NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Atb Cap Markets upgraded shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Raymond James lowered their target price on shares of NuVista Energy from C$18.00 to C$17.00 in a report on Wednesday, April 9th. Cormark upgraded NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. Finally, Scotiabank upped their target price on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$17.28.

NuVista Energy Trading Up 6.2%

Shares of TSE NVA opened at C$13.28 on Monday. The company's 50 day simple moving average is C$12.24 and its 200 day simple moving average is C$12.66. NuVista Energy has a fifty-two week low of C$10.34 and a fifty-two week high of C$14.86. The firm has a market capitalization of C$2.72 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78.

Insider Activity at NuVista Energy

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

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