NuVista Energy (TSE:NVA) Stock Rating Lowered by Raymond James Financial

NuVista Energy (TSE:NVA) was downgraded by analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a C$17.00 target price on the stock. Raymond James Financial’s price objective would suggest a potential upside of 18.80% from the company’s previous close.

Other research analysts have also issued reports about the company. Royal Bank Of Canada increased their target price on NuVista Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Monday, June 30th. CIBC cut their target price on NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Atb Cap Markets raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Cormark raised NuVista Energy to a “strong-buy” rating in a research report on Friday, March 7th. Finally, Desjardins raised NuVista Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, NuVista Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$17.14.

NuVista Energy Trading Down 1.3%

Shares of NuVista Energy stock opened at C$14.31 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The firm has a market cap of C$2.93 billion, a PE ratio of 10.01, a P/E/G ratio of 0.59 and a beta of 2.57. The business’s fifty day moving average is C$14.00 and its two-hundred day moving average is C$13.16. NuVista Energy has a fifty-two week low of C$10.34 and a fifty-two week high of C$16.11.

Insider Transactions at NuVista Energy

In related news, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$15.46, for a total value of C$154,600.00. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of C$15.45, for a total value of C$578,401.65. Insiders sold 236,437 shares of company stock worth $3,441,605 in the last quarter. 20.25% of the stock is owned by corporate 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.