NuVista Energy Ltd. (TSE:NVA) Receives Average Rating of "Buy" from Analysts

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 received an average recommendation of "Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three 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. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$17.51.

Several research firms recently issued reports on NVA. 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 research report on Thursday, July 3rd. National Bank Financial raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada increased their price target on 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. Desjardins lowered NuVista Energy from a "buy" rating to a "hold" rating and dropped their price target for the company from C$17.50 to C$17.00 in a research note on Tuesday, August 26th. Finally, National Bankshares increased their price target on NuVista Energy from C$16.00 to C$18.60 and gave the company an "outperform" rating in a research note on Thursday, August 7th.

NuVista Energy Stock Performance

Shares of NVA opened at C$15.30 on Monday. 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 business has a 50-day simple moving average of C$14.38 and a two-hundred day simple moving average of C$13.59. The stock has a market cap of C$3.02 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.59 and a beta of 0.52. NuVista Energy has a 52 week low of C$10.34 and a 52 week high of C$16.11.

Insider Activity at NuVista Energy

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

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.

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