Jonathan Andrew Wright Sells 10,000 Shares of NuVista Energy Ltd. (TSE:NVA) Stock

NuVista Energy Ltd. (TSE:NVAGet Rating) Senior Officer Jonathan Andrew Wright sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of C$10.99, for a total value of C$109,900.00. Following the completion of the sale, the insider now directly owns 829,247 shares in the company, valued at approximately C$9,113,424.53.

NuVista Energy Stock Up 0.9 %

Shares of TSE:NVA opened at C$11.06 on Monday. The firm has a market cap of C$2.53 billion and a P/E ratio of 4.87. The company has a quick ratio of 0.60, a current ratio of 0.61 and a debt-to-equity ratio of 23.86. NuVista Energy Ltd. has a 12-month low of C$4.06 and a 12-month high of C$14.29. The business has a fifty day simple moving average of C$10.51 and a 200 day simple moving average of C$10.98.

NuVista Energy (TSE:NVAGet Rating) last announced its earnings results on Wednesday, August 3rd. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.46 by C$0.28. The company had revenue of C$463.27 million for the quarter. Analysts predict that NuVista Energy Ltd. will post 2.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. CIBC reduced their target price on NuVista Energy from C$18.00 to C$15.00 in a report on Wednesday, July 13th. Raymond James increased their price target on NuVista Energy from C$15.50 to C$17.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 5th. National Bankshares dropped their price target on NuVista Energy from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research note on Monday, July 18th. Stifel Nicolaus dropped their price target on NuVista Energy from C$15.50 to C$14.75 in a research note on Thursday, August 4th. Finally, Cormark increased their price target on NuVista Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$14.28.

NuVista Energy Company Profile

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NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate rich Montney formation in the Wapiti area of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

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