NuVista Energy (TSE:NVA) Reaches New 1-Year High - Here's Why

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$14.83 and last traded at C$14.61, with a volume of 709357 shares. The stock had previously closed at C$14.14.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NVA shares. Cormark raised NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. CIBC lowered 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 cut their target price on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Atb Cap Markets upgraded shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Desjardins upgraded NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$17.28.

NuVista Energy Stock Performance

The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of C$3.01 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The stock's fifty day simple moving average is C$12.74 and its two-hundred day simple moving average is C$12.93.

Insider Activity at NuVista Energy

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$13.85, for a total transaction of C$69,250.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total transaction of C$30,287.20. In the last three months, insiders sold 97,009 shares of company stock worth $1,331,681. Corporate insiders own 20.25% of the company's stock.

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.

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