NuVista Energy (TSE:NVA) Upgraded at Desjardins

Desjardins upgraded shares of NuVista Energy (TSE:NVA) from a hold rating to a moderate buy rating in a research report report published on Monday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. CIBC reduced their price objective on NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Scotiabank boosted their target price on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. Atb Cap Markets upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Finally, Raymond James decreased their price target on NuVista Energy from C$18.00 to C$17.00 in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, NuVista Energy presently has a consensus rating of “Buy” and an average target price of C$17.28.

NuVista Energy Trading Down 0.1%

NVA stock opened at C$13.79 on Monday. The company has a market capitalization of C$2.82 billion, a PE ratio of 9.64, a price-to-earnings-growth 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. NuVista Energy has a one year low of C$10.34 and a one year high of C$14.86. The company’s 50 day moving average price is C$12.34 and its two-hundred day moving average price is C$12.70.

Insider Transactions at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 21,000 shares of NuVista Energy stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total transaction of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total value of C$30,287.20. Corporate 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.