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

Key Points

• NuVista Energy Ltd. has received an average recommendation of "Buy" from seven brokerages, with varied ratings including two hold, two buy, and three strong buy ratings.
• The average 12-month target price for the stock is C$17.43, with the highest target set at C$18.60 by National Bankshares.
• Insider selling has been notable, with corporate insiders selling 183,964 shares valued at approximately $2.72 million over the past three months.

NuVista Energy Ltd. (TSE:NVA - Get Free Report) has been given a consensus recommendation of "Buy" by the seven brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation 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$17.43.

A number of equities research analysts have weighed in on NVA shares. Raymond James Financial lowered NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price objective for the company. in a research note on Thursday, July 3rd. National Bank Financial upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. National Bankshares raised their price objective 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. Desjardins raised NuVista Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, May 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Monday, June 30th.

Insider Activity at NuVista Energy

In other news, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$15.46, for a total transaction of C$154,600.00. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$15.45, for a total value of C$578,401.65. Insiders have sold a total of 178,282 shares of company stock worth $2,640,869 in the last 90 days. Insiders own 20.25% of the company's stock.

NuVista Energy Trading Down 0.9%

TSE NVA traded down C$0.14 during trading hours on Thursday, hitting C$14.72. 421,665 shares of the company's stock were exchanged, compared to its average volume of 861,340. The business's 50 day moving average is C$14.47 and its 200-day moving average is C$13.36. NuVista Energy has a 12-month low of C$10.34 and a 12-month high of C$16.11. The firm has a market capitalization of C$3.01 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87.

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.