Michael Lawford Acquires 18,000 Shares of NuVista Energy Ltd. (TSE:NVA) Stock

NuVista Energy Ltd. (TSE:NVA - Get Free Report) Senior Officer Michael Lawford purchased 18,000 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of C$13.90 per share, with a total value of C$250,200.00.

Michael Lawford also recently made the following trade(s):

• On Thursday, May 29th, Michael Lawford sold 4,127 shares of NuVista Energy stock. The stock was sold at an average price of C$14.08, for a total value of C$58,108.16.
• On Wednesday, May 21st, Michael Lawford sold 6,845 shares of NuVista Energy stock. The shares were sold at an average price of C$13.66, for a total value of C$93,502.70.

NuVista Energy Stock Down 0.6%

TSE:NVA traded down C$0.09 during mid-day trading on Thursday, reaching C$13.95. The stock had a trading volume of 746,552 shares, compared to its average volume of 926,438. 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 company has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy Ltd. has a 1-year low of C$10.34 and a 1-year high of C$16.11. The stock's 50 day simple moving average is C$14.16 and its two-hundred day simple moving average is C$13.20.

Analyst Upgrades and Downgrades

NVA has been the subject of a number of analyst reports. Raymond James Financial cut NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price target for the company. in a report on Thursday, July 3rd. 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. Royal Bank Of Canada lifted their price target on shares of NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research note on Monday, June 30th. CIBC decreased their price objective on shares of NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Finally, Desjardins upgraded NuVista Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NuVista Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.14.

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.