NuVista Energy Ltd. (TSE:NVA - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$16.24 and last traded at C$16.08, with a volume of 367727 shares traded. The stock had previously closed at C$15.24.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Raymond James Financial cut shares of NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price target on the stock. in a research note on Thursday, July 3rd. Royal Bank Of Canada boosted their target price on NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Monday, June 30th. National Bankshares boosted their target price on NuVista Energy from C$16.00 to C$18.60 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Desjardins lowered NuVista Energy from a "buy" rating to a "hold" rating and dropped their target price for the company from C$17.50 to C$17.00 in a research report on Tuesday, August 26th. Finally, National Bank Financial upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, NuVista Energy currently has an average rating of "Buy" and a consensus target price of C$17.51.
View Our Latest Stock Analysis on NVA
NuVista Energy Price Performance
The firm's 50-day moving average price is C$14.52 and its two-hundred day moving average price is C$13.73. 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 stock has a market cap of C$3.20 billion, a PE ratio of 9.49, a PEG ratio of 0.59 and a beta of 0.52.
Insider Buying and Selling
In other news, Senior Officer Christopher Mark Alessandro Legrow bought 3,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of C$13.75 per share, with a total value of C$41,250.00. Also, Senior Officer Michael Lawford bought 18,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of C$13.90 per share, with a total value of C$250,200.00. Corporate insiders own 20.25% of the company's stock.
NuVista Energy Company Profile
(
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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.
Further Reading
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