NuVista Energy (TSE:NVA) Upgraded at Atb Cap Markets

NuVista Energy (TSE:NVA) was upgraded by Atb Cap Markets from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on NVA. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research note on Friday, March 7th. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price on the stock. in a report on Thursday, December 19th. BMO Capital Markets boosted their price objective on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Jefferies Financial Group lifted their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, Desjardins cut NuVista Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$17.00 to C$16.25 in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$17.54.

NuVista Energy Stock Up 3.1 %

Shares of NuVista Energy stock opened at C$13.78 on Tuesday. The stock’s 50-day moving average is C$12.62 and its 200 day moving average is C$12.48. 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$2.82 billion, a price-to-earnings ratio of 9.64, 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.

Insider Activity

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the stock in a transaction that occurred 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. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total value of C$403,776.36. Over the last three months, insiders have sold 48,759 shares of company stock valued at $683,326. Company insiders own 20.25% of the company’s stock.

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.