NuVista Energy Ltd. (TSE:NVA) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• NuVista Energy Ltd. has received a consensus rating of "Moderate Buy" from seven analysts, with an average twelve-month price objective of C$17.14.
• The stock price opened at C$14.18 and has seen fluctuations between a 12-month low of C$10.34 and a high of C$16.11.
• Insider trading activity includes a sale of 22,000 shares by a senior officer and a recent purchase of 3,000 shares by another executive, indicating mixed sentiment among company insiders.

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$17.14.

Several research analysts have recently commented on NVA shares. CIBC reduced their target price on NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Royal Bank Of Canada boosted their price target on NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a report on Monday, June 30th. Raymond James Financial downgraded 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. Finally, Desjardins raised NuVista Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th.

NuVista Energy Stock Down 0.9%

Shares of TSE NVA traded down C$0.13 during mid-day trading on Friday, reaching C$14.69. 78,978 shares of the company's stock were exchanged, compared to its average volume of 892,751. The firm has a market capitalization of C$3.01 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The business has a fifty day simple moving average of C$14.48 and a 200 day simple moving average of C$13.23. NuVista Energy has a twelve month low of C$10.34 and a twelve month high of C$16.11.

Insider Activity

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$13.85, for a total value of C$138,500.00. Also, Senior Officer Michael Lawford purchased 18,000 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average price of C$13.90 per share, with a total value of C$250,200.00. Over the last quarter, insiders have sold 236,437 shares of company stock valued at $3,441,605. 20.25% of the stock is owned by corporate 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.