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

NuVista Energy Ltd. (TSE:NVA - Get Free Report)'s share price reached a new 52-week high during 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 research firms have recently commented on NVA. Raymond James lowered their price target on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. CIBC decreased their target price on shares of NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research report on Friday, March 7th. Desjardins upgraded shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Finally, 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. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NuVista Energy presently has a consensus rating of "Buy" and an average price target of C$17.28.

NuVista Energy Stock Up 2.6%

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 capitalization of C$3.06 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 0.59 and a beta of 2.57. The stock's fifty day simple moving average is C$12.77 and its two-hundred day simple moving average is C$12.95.

Insider Buying and Selling at NuVista Energy

In other news, Senior Officer Jonathan Andrew Wright sold 88,283 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of C$14.50, for a total value of C$1,280,103.50. Also, Senior Officer Christopher Mark Alessandro Legrow sold 4,793 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of C$14.19, for a total transaction of C$68,012.67. Over the last ninety days, insiders sold 190,180 shares of company stock valued at $2,681,138. 20.25% of the stock is currently owned by corporate insiders.

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.