NuVista Energy (TSE:NVA) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

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NuVista Energy Ltd. (TSE:NVA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.32 and traded as high as C$14.28. NuVista Energy shares last traded at C$14.27, with a volume of 444,197 shares.

Analysts Set New Price Targets

Several research analysts recently issued reports on NVA shares. National Bank Financial raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Desjardins raised NuVista Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada increased 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 cut NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 target price on the stock. in a research report on Thursday, July 3rd. Finally, National Bankshares increased their target price on NuVista Energy from C$16.00 to C$18.60 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$17.43.

NuVista Energy Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The firm has a market cap of C$3.04 billion, a P/E ratio of 10.39, a PEG ratio of 0.59 and a beta of 2.57. The firm has a 50-day simple moving average of C$14.47 and a 200-day simple moving average of C$13.35.

Insider Activity

In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow acquired 3,000 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was purchased 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 stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$15.46, for a total value of C$154,600.00. In the last 90 days, insiders have sold 183,964 shares of company stock worth $2,720,531. Company 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.