NuVista Energy (TSE:NVA) Stock Passes Above 200 Day Moving Average of $11.68

NuVista Energy Ltd. (TSE:NVA)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.68 and traded as high as C$12.89. NuVista Energy shares last traded at C$12.89, with a volume of 244,049 shares traded.

Wall Street Analyst Weigh In

NVA has been the subject of a number of research reports. Raymond James reduced their price objective on NuVista Energy from C$18.00 to C$14.50 and set an “outperform” rating for the company in a research note on Friday, January 19th. National Bankshares lifted their target price on shares of NuVista Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Desjardins decreased their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating for the company in a research note on Friday, March 22nd. Stifel Nicolaus raised their price objective on shares of NuVista Energy from C$14.25 to C$14.50 in a research report on Monday, March 4th. Finally, Jefferies Financial Group set a C$13.00 target price on shares of NuVista Energy and gave the company a “buy” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NuVista Energy has a consensus rating of “Moderate Buy” and an average price target of C$15.03.

NuVista Energy Stock Up 0.5 %

The company has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.59 and a beta of 2.85. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 14.42. The firm’s 50 day simple moving average is C$11.89 and its 200-day simple moving average is C$11.68.

NuVista Energy (TSE:NVA) last issued its earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share for the quarter, missing the consensus estimate of C$0.49 by C($0.08). The firm had revenue of C$365.50 million during the quarter, compared to analysts’ expectations of C$364.00 million. NuVista Energy had a net margin of 29.12% and a return on equity of 18.16%. On average, sell-side analysts anticipate that NuVista Energy Ltd. will post 1.5681818 EPS for the current fiscal year.

Insider Buying and Selling at NuVista Energy

In other news, insider Paramount Resources Ltd. sold 6,000,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of C$12.50, for a total transaction of C$75,000,000.00. 22.89% of the stock is owned by corporate insiders.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.