NuVista Energy Ltd. (TSE:NVA - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$16.11 and last traded at C$16.05, with a volume of 165943 shares traded. The stock had previously closed at C$15.70.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on NVA. 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 dropped their price target on NuVista Energy from C$18.00 to C$17.00 in a research note on Wednesday, April 9th. Cormark upgraded NuVista Energy to a "strong-buy" rating in a research report on Friday, March 7th. Desjardins upgraded NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Finally, Atb Cap Markets upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$17.28.
View Our Latest Stock Analysis on NVA
NuVista Energy Stock Performance
The firm has a market capitalization of C$3.21 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The firm's 50 day moving average price is C$13.47 and its 200-day moving average price is C$13.08. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87.
Insiders Place Their Bets
In other NuVista Energy news, Senior Officer Michael Lawford sold 21,000 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$13.47, for a total value of C$282,870.00. Also, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the business's stock in a transaction 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. Insiders have sold 259,664 shares of company stock valued at $3,754,762 in the last ninety days. 20.25% of the stock is currently owned by corporate insiders.
About NuVista Energy
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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.
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