NuVista Energy Ltd. (TSE:NVA) Given Consensus Recommendation of “Moderate Buy” by Analysts

NuVista Energy Ltd. (TSE:NVA) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$17.28.

Several research analysts have recently issued reports on the company. Scotiabank increased their target price on NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Desjardins lowered NuVista Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$17.00 to C$16.25 in a research report on Wednesday, March 19th. CIBC dropped their target price on shares of NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th. Atb Cap Markets upgraded shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective on the stock. in a research note on Thursday, December 19th.

Insider Activity

In related news, Senior Officer Michael Lawford sold 21,000 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total transaction of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total value of C$30,287.20. Corporate insiders own 20.25% of the company’s stock.

NuVista Energy Price Performance

Shares of TSE NVA opened at C$12.37 on Friday. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. NuVista Energy has a 1 year low of C$10.34 and a 1 year high of C$14.86. The company’s 50-day moving average is C$12.28 and its 200 day moving average is C$12.51. The stock has a market capitalization of C$2.53 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.59 and a beta of 2.57.

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.