NuVista Energy (TSE:NVA) Stock Rating Lowered by Desjardins

NuVista Energy (TSE:NVA) was downgraded by Desjardins from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a C$16.25 price objective on the stock, down from their prior price objective of C$17.00. Desjardins’ price objective would indicate a potential upside of 29.07% from the stock’s current price.

Several other research firms have also recently issued reports on NVA. BMO Capital Markets upped their price objective on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Scotiabank upped their price objective on NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Jefferies Financial Group upped their price objective on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Cormark raised NuVista Energy to a “strong-buy” rating in a research report on Friday, March 7th. Finally, National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.54.

NuVista Energy Stock Performance

NVA opened at C$12.59 on Wednesday. NuVista Energy has a 12 month low of C$10.34 and a 12 month high of C$14.86. The stock has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The business has a fifty day moving average price of C$12.68 and a 200 day moving average price of C$12.47.

Insider Activity at NuVista Energy

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total value of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of the company’s stock in a transaction that occurred 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. Insiders sold a total of 48,759 shares of company stock valued at $683,326 in the last three months. 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.