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

NuVista Energy Ltd. (TSE:NVA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.92 and traded as high as C$14.29. NuVista Energy shares last traded at C$14.15, with a volume of 1,247,723 shares traded.

Analyst Ratings Changes

NVA has been the subject of a number of research reports. CIBC cut their target price on shares of NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Raymond James cut their price objective on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Desjardins upgraded shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. 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. Finally, Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$17.28.

NuVista Energy Stock Up 1.0%

The company has a market cap of C$2.89 billion, a PE ratio of 9.89, a PEG ratio of 0.59 and a beta of 2.57. The stock's 50 day moving average price is C$12.73 and its 200-day moving average price is C$12.93. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87.

Insider Activity

In related news, Senior Officer Ivan J. Condic sold 2,227 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total transaction of C$30,287.20. Also, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$13.75, for a total transaction of C$137,500.00. In the last 90 days, insiders sold 97,009 shares of company stock valued at $1,331,681. Corporate insiders own 20.25% of the company's stock.

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.