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

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analysts Set New Price Targets

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

NuVista Energy Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The stock has a market cap of C$2.98 billion, a P/E ratio of 10.19, a PEG ratio of 0.59 and a beta of 2.57. The stock has a fifty day simple moving average of C$12.75 and a 200-day simple moving average of C$12.95.

Insiders Place Their Bets

In other news, Senior Officer Michael Lawford sold 21,000 shares of NuVista Energy stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$13.47, for a total transaction of C$282,870.00. Also, Senior Officer Christopher Mark Alessandro Legrow sold 10,000 shares of NuVista Energy stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$13.85, for a total value of C$138,500.00. Over the last quarter, insiders have sold 97,009 shares of company stock worth $1,331,681. 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.