Analysts Set NuVista Energy Ltd. (TSE:NVA) PT at C$17.51

Key Points

• NuVista Energy Ltd. has received an average recommendation of "Buy" from analysts, with a target price of C$17.51 based on reports from eight brokerages.
• Analyst ratings for NuVista Energy have varied, with some firms like Raymond James Financial downgrading it to a "hold" and others like National Bank raising it to "strong buy."
• Company insiders have shown confidence in NuVista Energy, with Senior Officers purchasing shares at an average price of around C$13.75 to C$13.90 each.

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) have earned an average recommendation of "Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$17.51.

NVA has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Monday, June 30th. Raymond James Financial cut NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 target price for the company. in a report on Thursday, July 3rd. Desjardins cut NuVista Energy from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$17.50 to C$17.00 in a report on Tuesday, August 26th. National Bankshares boosted their target price on NuVista Energy from C$16.00 to C$18.60 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, National Bank Financial upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th.

NuVista Energy Price Performance

NVA stock traded down C$0.11 during trading on Monday, hitting C$15.28. The stock had a trading volume of 168,252 shares, compared to its average volume of 835,155. The company's 50 day moving average price is C$14.49 and its two-hundred day moving average price is C$13.67. NuVista Energy has a 1-year low of C$10.34 and a 1-year high of C$16.11. The stock has a market cap of C$3.01 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.59 and a beta of 0.52. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87.

Insider Transactions at NuVista Energy

In related news, Senior Officer Christopher Mark Alessandro Legrow purchased 3,000 shares of the firm's stock in a transaction on Monday, July 7th. The stock was purchased at an average price of C$13.75 per share, for a total transaction of C$41,250.00. Also, Senior Officer Michael Lawford purchased 18,000 shares of the firm's stock in a transaction on Monday, July 7th. The stock was bought at an average price of C$13.90 per share, with a total value of C$250,200.00. 20.25% of the stock is currently owned by insiders.

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.