NuVista Energy (TSE:NVA) Stock Rating Lowered by Raymond James Financial

NuVista Energy (TSE:NVA - Get Free Report) was downgraded by investment analysts at Raymond James Financial from an "outperform" rating to a "market perform" rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$17.00 price objective on the stock. Raymond James Financial's price objective would indicate a potential upside of 17.57% from the company's previous close.

A number of other analysts have also issued reports on the company. CIBC lowered their target price on NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th. Desjardins upgraded shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada upped their target price on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Monday. Atb Cap Markets raised shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Cormark upgraded shares of NuVista Energy to a "strong-buy" rating in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, NuVista Energy currently has a consensus rating of "Moderate Buy" and an average target price of C$17.14.

NuVista Energy Stock Down 2.6%

TSE NVA traded down C$0.38 during trading on Thursday, hitting C$14.46. 2,387,278 shares of the company traded hands, compared to its average volume of 912,448. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$16.11. The business has a fifty day simple moving average of C$13.92 and a 200 day simple moving average of C$13.15. The company has a market capitalization of C$2.96 billion, a P/E ratio of 10.11, a PEG ratio of 0.59 and a beta of 2.57. 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 Buying and Selling

In other news, Senior Officer Michael Lawford sold 21,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total value of C$282,870.00. Also, Senior Officer Joshua Thomas Truba sold 22,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$15.45, for a total value of C$339,900.00. Insiders have sold 257,437 shares of company stock worth $3,724,475 over the last three months. 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.

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