NuVista Energy Ltd. (TSE:NVA) Receives C$17.14 Consensus Target Price from Brokerages

NuVista Energy Ltd. (TSE:NVA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat reports. Three equities 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. The average twelve-month price objective among brokers that have covered the stock in the last year is C$17.14.

Several research analysts have recently issued reports on NVA shares. Royal Bank Of Canada lifted their price target on NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research note on Monday. CIBC lowered their target price on NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th. Cormark raised NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. Raymond James Financial reduced their price objective on NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Finally, Atb Cap Markets raised shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th.

Insiders Place Their Bets

In related news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of NuVista Energy stock in a transaction on Thursday, June 12th. The shares were sold at an average price of C$15.45, for a total transaction of C$578,401.65. Also, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$15.46, for a total transaction of C$154,600.00. In the last quarter, insiders have sold 257,437 shares of company stock valued at $3,724,475. Company insiders own 20.25% of the company's stock.

NuVista Energy Price Performance

Shares of NVA traded down C$0.14 on Wednesday, reaching C$14.84. The stock had a trading volume of 911,948 shares, compared to its average volume of 900,903. NuVista Energy has a twelve month low of C$10.34 and a twelve month high of C$16.11. The firm has a market capitalization of C$3.04 billion, a PE ratio of 10.38, a PEG ratio of 0.59 and a beta of 2.57. The firm has a 50-day moving average of C$13.86 and a 200 day moving average of C$13.14. 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 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.