Royal Bank Of Canada Forecasts Strong Price Appreciation for NuVista Energy (TSE:NVA) Stock

NuVista Energy (TSE:NVA - Free Report) had its target price raised by Royal Bank Of Canada from C$14.00 to C$16.00 in a research report released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts also recently commented on the stock. CIBC reduced their price objective on shares of NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Raymond James Financial reduced their price target on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Desjardins raised NuVista Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, May 12th. Cormark raised NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. Finally, Atb Cap Markets upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$17.14.

NuVista Energy Stock Up 1.6%

Shares of TSE NVA traded up C$0.23 during midday trading on Monday, reaching C$14.98. 846,040 shares of the company's stock were exchanged, compared to its average volume of 900,815. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. NuVista Energy has a 52-week low of C$10.34 and a 52-week high of C$16.11. The business's fifty day moving average price is C$13.80 and its two-hundred day moving average price is C$13.12. The stock has a market capitalization of C$3.07 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the stock in a transaction 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. Also, Senior Officer Joshua Thomas Truba sold 22,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$15.45, for a total value of C$339,900.00. In the last three months, insiders sold 257,437 shares of company stock worth $3,724,475. 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.