NuVista Energy (TSE:NVA) Upgraded to Moderate Buy at Desjardins

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

Several other analysts also recently issued reports on NVA. CIBC decreased their price target on NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Raymond James lowered their price target on NuVista Energy from C$18.00 to C$17.00 in a report on Wednesday, April 9th. Atb Cap Markets raised shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a research report on Friday, March 7th. Finally, Scotiabank raised their price target on NuVista Energy from C$16.00 to C$17.00 in a research report 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.com, the stock currently has an average rating of "Buy" and a consensus target price of C$17.28.

NuVista Energy Stock Up 0.4%

NVA stock traded up C$0.05 during trading hours on Monday, hitting C$13.71. The company's stock had a trading volume of 896,648 shares, compared to its average volume of 859,895. The company has a market capitalization of C$2.81 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The stock has a 50 day moving average price of C$12.42 and a two-hundred day moving average price of C$12.73. 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.

Insider Buying and Selling 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 stock was 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 stock was 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.