NuVista Energy (TSE:NVA) Sets New 1-Year Low – Time to Sell?

NuVista Energy Ltd. (TSE:NVA)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.00 and last traded at C$11.73, with a volume of 290644 shares changing hands. The stock had previously closed at C$11.85.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NVA shares. Scotiabank upped their price objective on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. CIBC increased their price objective on shares of NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. National Bankshares lowered 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 research note on Thursday, December 19th. National Bank Financial lowered shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group boosted their price objective on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$16.97.

NuVista Energy Price Performance

The business has a 50-day simple moving average of C$13.16 and a two-hundred day simple moving average of C$12.57. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Activity

In other news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total transaction of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$14.30, for a total value of C$71,500.00. Insiders sold a total of 86,196 shares of company stock worth $1,186,854 over the last 90 days. 20.25% of the stock is currently owned by company 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.