Royal Bank Of Canada Forecasts Strong Price Appreciation for NuVista Energy (TSE:NVA) Stock

NuVista Energy (TSE:NVA) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$14.00 to C$16.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.81% from the stock’s previous close.

A number of other analysts have also issued reports on NVA. CIBC cut their price target on shares of NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research note on Friday, March 7th. Atb Cap Markets upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, May 12th. Finally, Raymond James Financial cut their price objective on NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.14.

NuVista Energy Price Performance

NVA stock opened at C$14.98 on Monday. The business’s fifty day moving average price is C$13.86 and its 200 day moving average price is C$13.14. NuVista Energy has a 12-month low of C$10.34 and a 12-month high of C$16.11. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The company has a market capitalization of C$3.07 billion, a PE ratio of 10.47, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling at NuVista Energy

In related news, Senior Officer Michael Lawford sold 4,127 shares of NuVista Energy stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$14.08, for a total value of C$58,108.16. Also, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of NuVista Energy stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$15.46, for a total value of C$154,600.00. In the last ninety days, insiders have sold 257,437 shares of company stock valued at $3,724,475. 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.