Raymond James Financial Downgrades NuVista Energy (TSE:NVA) to Hold

Raymond James Financial downgraded shares of NuVista Energy (TSE:NVA - Free Report) from a moderate buy rating to a hold rating in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have C$17.00 target price on the stock.

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

NuVista Energy Stock Performance

NuVista Energy stock traded down C$0.19 during mid-day trading on Thursday, reaching C$14.31. 584,406 shares of the company's stock were exchanged, compared to its average volume of 913,604. The business's fifty day simple moving average is C$14.00 and its 200 day simple moving average is C$13.16. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. NuVista Energy has a one year low of C$10.34 and a one year high of C$16.11. The firm has a market capitalization of C$2.93 billion, a PE ratio of 10.01, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Activity at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 4,793 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of C$14.19, for a total value of C$68,012.67. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$15.45, for a total transaction of C$578,401.65. Insiders sold a total of 236,437 shares of company stock worth $3,441,605 in the last 90 days. 20.25% of the stock is owned by company 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.