Brokerages Set NuVista Energy Ltd. (TSE:NVA) Target Price at C$17.28

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) have been given an average rating of "Buy" by the seven research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$17.28.

A number of equities analysts have commented on the stock. CIBC dropped their target price on shares of NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. 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. Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. Raymond James reduced their target price on shares of NuVista Energy from C$18.00 to C$17.00 in a report on Wednesday, April 9th. Finally, Desjardins raised shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th.

NuVista Energy Price Performance

NVA stock traded up C$0.05 during mid-day trading on Tuesday, hitting C$13.71. The company had a trading volume of 896,648 shares, compared to its average volume of 859,895. The company has a 50-day moving average price of C$12.42 and a 200 day moving average price of C$12.74. NuVista Energy has a 12-month low of C$10.34 and a 12-month high of C$14.86. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The company has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Activity

In related news, Senior Officer Ivan J. Condic sold 2,227 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total value of C$30,287.20. Also, Senior Officer Michael Lawford sold 21,000 shares of NuVista Energy stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$13.47, for a total transaction of C$282,870.00. 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.