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

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 two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

NuVista Energy Stock Up 0.3%

The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market capitalization of C$2.95 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.59 and a beta of 0.52. The stock has a 50-day moving average price of C$14.36 and a 200-day moving average price of C$13.54.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of NuVista Energy stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$15.46, for a total value of C$154,600.00. Also, Senior Officer Christopher Mark Alessandro Legrow bought 3,000 shares of the stock in a transaction on Monday, July 7th. The stock was acquired at an average price of C$13.75 per share, with a total value of C$41,250.00. 20.25% of the stock is currently owned by 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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