NuVista Energy (TSE:NVA) Upgraded by National Bank Financial to Strong-Buy Rating

Key Points

• NuVista Energy has been upgraded by National Bank Financial from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the company's performance.
• Several analysts have issued varied target prices for NuVista Energy: National Bankshares raised theirs to C$18.60, while CIBC reduced theirs to C$18.00.
• Insider selling has been significant, with 236,437 shares valued at $3.44 million sold in the last quarter, reflecting potential concerns about the company's stock outlook.

NuVista Energy (TSE:NVA - Get Free Report) was upgraded by research analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms have also commented on NVA. National Bankshares upped their target price on NuVista Energy from C$16.00 to C$18.60 and gave the company an "outperform" rating in a report on Thursday. CIBC cut their target price on NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Raymond James Financial downgraded NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price objective for the company. in a research report on Thursday, July 3rd. Desjardins raised NuVista Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada upped their price target on NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$17.43.

NuVista Energy Trading Down 1.1%

NuVista Energy stock traded down C$0.16 during midday trading on Wednesday, reaching C$14.37. The stock had a trading volume of 117,422 shares, compared to its average volume of 884,205. NuVista Energy has a twelve month low of C$10.34 and a twelve month high of C$16.11. The stock has a market capitalization of C$2.94 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The stock's 50-day simple moving average is C$14.54 and its 200 day simple moving average is C$13.28.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of C$13.75, for a total value of C$137,500.00. Also, Senior Officer Jonathan Andrew Wright sold 88,283 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$14.50, for a total transaction of C$1,280,103.50. Insiders sold 236,437 shares of company stock valued at $3,441,605 in the last quarter. 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.

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