NuVista Energy (TSE:NVA) Stock Price Crosses Above Two Hundred Day Moving Average of $11.37

NuVista Energy Ltd. (TSE:NVA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.37 and traded as high as C$12.94. NuVista Energy shares last traded at C$12.90, with a volume of 526,657 shares changing hands.

Wall Street Analyst Weigh In

NVA has been the subject of several research analyst reports. Desjardins decreased their price target on shares of NuVista Energy from C$16.50 to C$14.50 and set a “buy” rating for the company in a research note on Tuesday, July 25th. BMO Capital Markets decreased their price target on shares of NuVista Energy from C$15.00 to C$13.50 in a research note on Thursday, July 13th. TD Securities lifted their price target on shares of NuVista Energy from C$14.00 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, August 10th. National Bankshares decreased their price target on shares of NuVista Energy from C$14.25 to C$13.50 in a research note on Thursday, June 29th. Finally, Raymond James decreased their price target on shares of NuVista Energy from C$16.50 to C$16.00 in a research note on Friday, July 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$15.05.

NuVista Energy Trading Up 4.0 %

The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 14.37. The firm’s 50-day moving average price is C$11.42 and its 200 day moving average price is C$11.37. The company has a market capitalization of C$2.79 billion, a P/E ratio of 5.22, a P/E/G ratio of 0.59 and a beta of 2.96.

NuVista Energy (TSE:NVA) last posted its earnings results on Wednesday, August 9th. The company reported C$0.39 EPS for the quarter, topping the consensus estimate of C$0.27 by C$0.12. The company had revenue of C$282.06 million during the quarter. NuVista Energy had a net margin of 39.15% and a return on equity of 29.53%. As a group, equities research analysts predict that NuVista Energy Ltd. will post 2.0806452 earnings per share for the current year.

About NuVista Energy

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 and Pipestone areas of the Alberta Deep Basin.