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NuVista Energy (TSE:NVA) Stock Passes Above 200 Day Moving Average - Here's Why

NuVista Energy logo with Energy background

NuVista Energy Ltd. (TSE:NVA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.21 and traded as high as C$14.18. NuVista Energy shares last traded at C$14.13, with a volume of 433,734 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NVA shares. Royal Bank Of Canada raised their price objective on NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research note on Monday, June 30th. Raymond James Financial downgraded NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 target price for the company. in a report on Thursday, July 3rd. Atb Cap Markets raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. 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. Finally, Desjardins raised shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$17.14.

View Our Latest Stock Analysis on NuVista Energy

NuVista Energy Stock Performance

The stock has a market capitalization of C$2.85 billion, a PE ratio of 9.73, a P/E/G ratio of 0.59 and a beta of 2.57. 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 firm has a 50 day moving average of C$14.34 and a 200-day moving average of C$13.22.

Insiders Place Their Bets

In related news, Senior Officer Christopher Mark Alessandro Legrow bought 3,000 shares of the business's stock in a transaction on Monday, July 7th. The stock was bought at an average price of C$13.75 per share, for a total transaction of C$41,250.00. Also, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$15.46, for a total transaction of C$154,600.00. Insiders sold 236,437 shares of company stock valued at $3,441,605 over the last ninety days. Insiders own 20.25% of the company's stock.

NuVista Energy Company Profile

(Get Free Report)

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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