Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.14 and traded as high as C$15.00. NuVista Energy shares last traded at C$14.98, with a volume of 846,040 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on NVA shares. Raymond James Financial lowered their price objective on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Atb Cap Markets raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. CIBC lowered their target price on NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Royal Bank Of Canada increased their price target on shares of NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, Cormark raised shares of NuVista Energy to a "strong-buy" rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, NuVista Energy has an average rating of "Moderate Buy" and an average target price of C$17.14.
View Our Latest Research Report on NVA
NuVista Energy Stock Performance
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 firm's 50 day moving average price is C$13.86 and its 200-day moving average price is C$13.14. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 0.59 and a beta of 2.57.
Insiders Place Their Bets
In related news, Senior Officer Michael Lawford sold 4,127 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$14.08, for a total value of C$58,108.16. Also, Senior Officer Christopher Mark Alessandro Legrow sold 4,793 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of C$14.19, for a total transaction of C$68,012.67. Insiders have sold 257,437 shares of company stock valued at $3,724,475 in the last quarter. 20.25% of the stock is currently owned by insiders.
About NuVista Energy
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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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