NuVista Energy (TSE:NVA) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• NuVista Energy's stock price has surpassed its 200-day moving average of C$13.45, reaching C$14.82 during trading.
• Analyst ratings for NuVista Energy are mixed, with three giving a Strong Buy rating while others have downgraded their recommendations.
• Recent insider transactions include a purchase of 3,000 shares by a senior officer and the sale of 10,000 shares by another, indicating potential insider confidence in the stock's future.

Shares of NuVista Energy Ltd. (TSE:NVA - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.45 and traded as high as C$14.82. NuVista Energy shares last traded at C$14.80, with a volume of 499,475 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NVA. Royal Bank Of Canada boosted their price target on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a report on Monday, June 30th. National Bank Financial upgraded shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Desjardins lowered shares of NuVista Energy from a "buy" rating to a "hold" rating and cut their price target for the company from C$17.50 to C$17.00 in a report on Tuesday, August 26th. Raymond James Financial lowered shares of NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price target on the stock. in a report on Thursday, July 3rd. Finally, National Bankshares boosted their price objective on shares of 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 equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$17.51.

NuVista Energy Price 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 company has a market capitalization of C$2.87 billion, a P/E ratio of 8.52, a P/E/G ratio of 0.59 and a beta of 0.52. The company's 50-day simple moving average is C$14.36 and its 200 day simple moving average is C$13.48.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow bought 3,000 shares of the firm's stock in a transaction on Monday, July 7th. The stock was bought at an average cost of C$13.75 per share, with a total value of C$41,250.00. Also, Senior Officer Michael Lawford bought 18,000 shares of the firm's stock in a transaction on Monday, July 7th. The stock was acquired at an average cost of C$13.90 per share, with a total value of C$250,200.00. Over the last three months, insiders sold 157,767 shares of company stock valued at $2,353,727. 20.25% of the stock is owned by company 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.