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

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.08 and traded as high as C$15.94. NuVista Energy shares last traded at C$14.95, with a volume of 878,277 shares trading hands.

Analyst Upgrades and Downgrades

NVA has been the topic of a number of recent research reports. Desjardins raised NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Raymond James Financial dropped their price objective on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. CIBC lowered their target price on NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research note on Friday, March 7th. Finally, Atb Cap Markets upgraded NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$17.28.

NuVista Energy Stock Up 0.9%

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$3.02 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The firm's fifty day moving average is C$13.70 and its 200-day moving average is C$13.11.

Insider Activity at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 4,127 shares of NuVista Energy stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$14.08, for a total transaction of C$58,108.16. Also, Senior Officer Jonathan Andrew Wright sold 88,283 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$14.50, for a total value of C$1,280,103.50. Insiders have sold a total of 257,437 shares of company stock valued at $3,724,475 in the last 90 days. 20.25% of the stock is owned by corporate insiders.

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.