NuVista Energy Ltd. (TSE:NVA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$16.97.

A number of analysts have weighed in on the company. BMO Capital Markets upped their target price on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. CIBC boosted their price target on NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. Scotiabank raised their price objective on NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price for the company. in a report on Thursday, December 19th. Finally, National Bank Financial lowered shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

NuVista Energy Trading Down 0.5 %

TSE:NVA opened at C$12.02 on Thursday. The firm has a 50-day simple moving average of C$13.17 and a 200-day simple moving average of C$12.58. NuVista Energy has a one year low of C$10.34 and a one year high of C$14.86. The firm has a market cap of C$2.46 billion, a P/E ratio of 8.40, a P/E/G 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.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of C$13.87, for a total value of C$208,050.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total transaction of C$403,776.36. Over the last 90 days, insiders sold 86,196 shares of company stock valued at $1,186,854. 20.25% of the stock is currently owned by corporate insiders.

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.