NuVista Energy (TSE:NVA) Sets New 12-Month High - Here's What Happened

NuVista Energy Ltd. (TSE:NVA - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as C$16.11 and last traded at C$16.05, with a volume of 165943 shares trading hands. The stock had previously closed at C$15.70.

Analyst Ratings Changes

NVA has been the subject of several analyst reports. CIBC reduced their price objective on NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Raymond James Financial reduced their price objective on NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Desjardins upgraded NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Atb Cap Markets raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Cormark raised NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$17.28.

NuVista Energy Stock Performance

The firm's fifty day moving average price is C$13.29 and its 200 day moving average price is C$13.04. 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 firm has a market capitalization of C$3.20 billion, a PE ratio of 10.91, a PEG ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of C$15.46, for a total transaction of C$154,600.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total transaction of C$30,287.20. Over the last three months, insiders sold 259,664 shares of company stock worth $3,754,762. Corporate insiders own 20.25% of the company's stock.

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.