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

NuVista Energy Ltd. (TSE:NVA - Get Free Report) has been given an average rating of "Buy" by the seven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$17.28.

Several research firms have recently issued reports on NVA. Raymond James dropped their target price on NuVista Energy from C$18.00 to C$17.00 in a report on Wednesday, April 9th. Cormark raised shares of NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. Desjardins upgraded shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Atb Cap Markets upgraded shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, CIBC dropped their price target on shares of NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th.

NuVista Energy Price Performance

Shares of NVA stock traded up C$0.29 during trading hours on Friday, hitting C$15.24. The stock had a trading volume of 1,432,287 shares, compared to its average volume of 873,310. 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 stock has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.59 and a beta of 2.57. NuVista Energy has a one year low of C$10.34 and a one year high of C$15.49. The stock's 50-day moving average price is C$12.82 and its two-hundred day moving average price is C$12.96.

Insider Transactions at NuVista Energy

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 4,793 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$14.19, for a total transaction of C$68,012.67. Also, Senior Officer Jonathan Andrew Wright sold 88,283 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$14.50, for a total transaction of C$1,280,103.50. Over the last ninety days, insiders have sold 190,180 shares of company stock worth $2,681,138. Insiders own 20.25% of the company's stock.

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.