National Bankshares Issues Positive Forecast for NuVista Energy (TSE:NVA) Stock Price

Key Points

• National Bankshares has raised the target price for NuVista Energy (TSE:NVA) from C$16.00 to C$18.60, indicating a potential upside of 28.28%.
• NuVista Energy received mixed ratings from various analysts, with three ratings as "hold," two as "buy," and two as "strong buy," leading to an average price target of C$17.43.
• Insider trading activity included a purchase of 18,000 shares by Senior Officer Michael Lawford and a sale of 88,283 shares by another officer, highlighting significant trading within the company.

NuVista Energy (TSE:NVA - Get Free Report) had its target price raised by investment analysts at National Bankshares from C$16.00 to C$18.60 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 28.28% from the stock's previous close.

NVA has been the topic of a number of other reports. Desjardins upgraded NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. CIBC decreased their price objective on shares of NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th. Raymond James Financial downgraded shares of NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 target price on the stock. in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Monday, June 30th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NuVista Energy currently has an average rating of "Moderate Buy" and an average price target of C$17.43.

NuVista Energy Price Performance

NVA stock traded up C$0.26 during midday trading on Thursday, reaching C$14.50. 806,628 shares of the stock were exchanged, compared to its average volume of 888,005. NuVista Energy has a 52 week low of C$10.34 and a 52 week high of C$16.11. 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 fifty day moving average price of C$14.53 and a 200 day moving average price of C$13.27. The stock has a market capitalization of C$2.97 billion, a PE ratio of 10.14, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Michael Lawford acquired 18,000 shares of the stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of C$13.90 per share, for a total transaction of C$250,200.00. Also, Senior Officer Jonathan Andrew Wright sold 88,283 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$14.50, for a total value of C$1,280,103.50. Insiders sold 236,437 shares of company stock worth $3,441,605 over the last quarter. Corporate insiders own 20.25% of the company's stock.

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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