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

Key Points

• NuVista Energy's stock price has surpassed its 200-day moving average of C$13.54, reaching a high of C$15.04 before closing at C$14.96 with a trading volume of 412,665 shares.
• Wall Street analysts have mixed ratings for NuVista Energy, with three analysts giving it a Strong Buy rating and an average price target of C$17.51.
• Insider activity includes the sale of 10,000 shares by Senior Officer Ryan Daniel Paulgaard and the purchase of 3,000 shares by Senior Officer Christopher Mark Alessandro Legrow.

NuVista Energy Ltd. (TSE:NVA - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.54 and traded as high as C$15.04. NuVista Energy shares last traded at C$14.96, with a volume of 412,665 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NVA. National Bankshares increased 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. National Bank Financial raised NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Raymond James Financial downgraded NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price target on the stock. in a research note on Thursday, July 3rd. Royal Bank Of Canada lifted their price objective on NuVista Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a report on Monday, June 30th. Finally, Desjardins downgraded NuVista Energy from a "buy" rating to a "hold" rating and lowered their target price for the company from C$17.50 to C$17.00 in a report on Tuesday, August 26th. Three equities research 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 stock has a consensus rating of "Buy" and a consensus target price of C$17.51.

NuVista Energy Trading Up 2.5%

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's 50 day moving average price is C$14.44 and its 200-day moving average price is C$13.63. The stock has a market capitalization of C$3.04 billion, a PE ratio of 9.01, a PEG ratio of 0.59 and a beta of 0.52.

Insider Activity at NuVista Energy

In related news, Senior Officer Michael Lawford bought 18,000 shares of the stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of C$13.90 per share, with a total value of C$250,200.00. Also, Senior Officer Christopher Mark Alessandro Legrow acquired 3,000 shares of the company's stock in a transaction on Monday, July 7th. The shares were bought at an average cost of C$13.75 per share, with a total value of C$41,250.00. Company insiders own 20.25% of the company's stock.

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.