NuVista Energy Ltd. (TSE:NVA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$17.28.
Several research firms have commented on NVA. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. Atb Cap Markets raised shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Raymond James reduced their price objective on shares of NuVista Energy from C$18.00 to C$17.00 in a research note on Wednesday, April 9th. Scotiabank increased their target price on NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Finally, Desjardins cut NuVista Energy from a "buy" rating to a "hold" rating and reduced their price target for the company from C$17.00 to C$16.25 in a research report on Wednesday, March 19th.
Check Out Our Latest Research Report on NuVista Energy
NuVista Energy Stock Performance
Shares of NVA traded down C$0.05 during mid-day trading on Friday, hitting C$12.08. The stock had a trading volume of 511,285 shares, compared to its average volume of 886,169. NuVista Energy has a 52 week low of C$10.34 and a 52 week high of C$14.86. 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 business has a fifty day moving average price of C$12.25 and a 200-day moving average price of C$12.55. The firm has a market cap of C$2.47 billion, a P/E ratio of 8.45, a PEG ratio of 0.59 and a beta of 2.57.
Insiders Place Their Bets
In related news, Senior Officer Ivan J. Condic sold 2,227 shares of the company's stock in a transaction on 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 the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$13.47, for a total value of C$282,870.00. Corporate insiders own 20.25% of the company's stock.
NuVista Energy Company Profile
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Get Free ReportNuVista 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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