NuVista Energy (TSE:NVA) Price Target Raised to C$18.60

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 price target hoisted by equities research analysts at National Bankshares from C$16.00 to C$18.60 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 30.34% from the company's previous close.

Several other analysts have also commented on NVA. CIBC lowered their price objective on shares of NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th. Royal Bank Of Canada raised their price target on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Monday, June 30th. Desjardins raised shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Finally, Raymond James Financial downgraded shares of NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price objective for the company. in a research report on Thursday, July 3rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$17.43.

NuVista Energy Trading Down 0.2%

Shares of TSE NVA traded down C$0.03 during trading hours on Thursday, hitting C$14.27. The company's stock had a trading volume of 514,040 shares, compared to its average volume of 885,394. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a market cap of C$2.92 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.59 and a beta of 2.57. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$16.11. The business has a 50-day simple moving average of C$14.55 and a 200-day simple moving average of C$13.28.

Insider Activity

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$13.85, for a total transaction of C$138,500.00. Also, Senior Officer Joshua Thomas Truba sold 22,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$15.45, for a total transaction of C$339,900.00. Insiders have sold a total of 236,437 shares of company stock valued at $3,441,605 over the last quarter. 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.