NuVista Energy Ltd. (TSE:NVA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$17.14.

Several research analysts have commented on NVA shares. Raymond James Financial decreased their price objective on shares of NuVista Energy from C$18.00 to C$17.00 in a report on Wednesday, April 9th. Atb Cap Markets upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Royal Bank Of Canada upped their price objective on shares of NuVista Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, CIBC decreased their price objective on shares of NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th.

NuVista Energy Trading Up 1.6%

Shares of NVA opened at C$14.98 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. NuVista Energy has a twelve month low of C$10.34 and a twelve month high of C$16.11. The stock has a market capitalization of C$3.07 billion, a P/E ratio of 10.47, a PEG ratio of 0.59 and a beta of 2.57. The firm has a fifty day simple moving average of C$13.86 and a two-hundred day simple moving average of C$13.14.

Insider Buying and Selling

In related news, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$13.75, for a total value of C$137,500.00. Also, Senior Officer Joshua Thomas Truba sold 22,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$15.45, for a total transaction of C$339,900.00. Insiders sold 257,437 shares of company stock worth $3,724,475 over the last 90 days. Corporate insiders own 20.25% of the company’s stock.

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.