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

NuVista Energy Ltd. (TSE:NVA - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as C$15.49 and last traded at C$15.45, with a volume of 448234 shares traded. The stock had previously closed at C$15.31.

Analysts Set New Price Targets

NVA has been the subject of several analyst reports. CIBC decreased their target price on shares of NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Raymond James lowered their price objective on NuVista Energy from C$18.00 to C$17.00 in a research note on Wednesday, April 9th. Atb Cap Markets upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. Finally, Desjardins upgraded shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NuVista Energy has an average rating of "Buy" and an average target price of C$17.28.

NuVista Energy Stock Down 0.3%

The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of C$3.16 billion, a P/E ratio of 10.80, a PEG ratio of 0.59 and a beta of 2.57. The stock's fifty day moving average is C$12.97 and its two-hundred day moving average is C$12.99.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Michael Lawford sold 21,000 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total value of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total value of C$30,287.20. In the last ninety days, insiders sold 249,664 shares of company stock valued at $3,600,162. 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.