Brokerages Set NuVista Energy Ltd. (TSE:NVA) Target Price at C$17.28

NuVista Energy Ltd. (TSE:NVA - Get Free Report) has earned a consensus rating of "Buy" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two 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 12 month target price among brokers that have issued ratings on the stock in the last year is C$17.28.

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

Insider Buying and Selling at NuVista Energy

In related news, Senior Officer Michael Lawford sold 21,000 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total transaction of C$282,870.00. Also, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$13.75, for a total value of C$137,500.00. Insiders sold a total of 97,009 shares of company stock worth $1,331,681 in the last three months. 20.25% of the stock is currently owned by company insiders.

NuVista Energy Stock Up 3.0%

Shares of TSE NVA traded up C$0.43 during trading on Friday, hitting C$14.57. The stock had a trading volume of 1,557,774 shares, compared to its average volume of 864,479. NuVista Energy has a 12 month low of C$10.34 and a 12 month 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 company has a market capitalization of C$2.98 billion, a PE ratio of 10.19, a PEG ratio of 0.59 and a beta of 2.57. The firm has a fifty day moving average of C$12.75 and a two-hundred day moving average of C$12.95.

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.