NuVista Energy (TSE:NVA) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• NuVista Energy Ltd. (TSE:NVA) shares have recently surpassed their 200-day moving average of C$13.76, reaching a high of C$16.29 during trading.
• Analysts hold mixed views on NuVista, with three rating it a Strong Buy and others downgrading their ratings or adjusting price targets, reflecting a consensus target price of approximately C$17.51.
• Insider transactions indicate confidence in the company, as senior officers purchased a combined 21,000 shares at prices around C$13.75 to C$13.90 per share.

Shares of 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$13.76 and traded as high as C$16.29. NuVista Energy shares last traded at C$16.14, with a volume of 1,386,761 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVA. Raymond James Financial cut NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price target for the company. in a report on Thursday, July 3rd. National Bankshares boosted their price target on NuVista Energy from C$16.00 to C$18.60 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Desjardins downgraded NuVista Energy from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$17.50 to C$17.00 in a research report on Tuesday, August 26th. Royal Bank Of Canada boosted their price target on NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Monday, June 30th. Finally, National Bank Financial raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$17.51.

NuVista Energy Stock Performance

The firm has a market cap of C$3.18 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.52. The stock's 50 day moving average is C$14.56 and its 200 day moving average is C$13.76. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11.

Insider Transactions at NuVista Energy

In related news, Senior Officer Michael Lawford purchased 18,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of C$13.90 per share, for a total transaction of C$250,200.00. Also, Senior Officer Christopher Mark Alessandro Legrow purchased 3,000 shares of the firm's stock in a transaction that occurred 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. 20.25% of the stock is currently owned by corporate insiders.

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.

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