NuVista Energy (TSE:NVA) Rating Lowered to Sector Perform at National Bankshares

NuVista Energy (TSE:NVA) was downgraded by stock analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$16.00 price target on the stock. National Bankshares’ target price points to a potential upside of 31.15% from the company’s current price.

NVA has been the subject of several other reports. BMO Capital Markets boosted their price target on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Jefferies Financial Group lifted their price target on NuVista Energy from C$14.00 to C$19.00 in a report on Monday. Finally, TD Securities cut their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NuVista Energy has a consensus rating of “Buy” and an average price target of C$16.64.

NuVista Energy Trading Down 4.5 %

Shares of TSE NVA traded down C$0.57 during midday trading on Thursday, reaching C$12.20. 623,215 shares of the stock were exchanged, compared to its average volume of 639,898. The stock has a 50 day moving average price of C$12.28 and a 200-day moving average price of C$12.74. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. The company has a market capitalization of C$2.51 billion, a P/E ratio of 7.58, a P/E/G ratio of 0.59 and a beta of 2.57. NuVista Energy has a 52-week low of C$9.59 and a 52-week high of C$14.86.

Insider Activity at NuVista Energy

In other news, Senior Officer Joshua Thomas Truba sold 21,600 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$13.11, for a total transaction of C$283,176.00. Also, Senior Officer Michael Lawford sold 10,116 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. In the last ninety days, insiders have sold 130,121 shares of company stock worth $1,696,927. 20.25% of the stock is currently 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.