Desjardins Upgrades NuVista Energy (TSE:NVA) to “Moderate Buy”

NuVista Energy (TSE:NVA) was upgraded by research analysts at Desjardins from a “hold” rating to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently commented on the company. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Scotiabank increased their target price on shares of NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Raymond James dropped their price target on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. Atb Cap Markets raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, CIBC lowered their target price on shares of NuVista Energy from C$19.50 to C$18.00 in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$17.28.

NuVista Energy Price Performance

NVA stock opened at C$13.81 on Monday. The company has a market capitalization of C$2.83 billion, a P/E ratio of 9.66, a PEG ratio of 0.59 and a beta of 2.57. The company has a fifty day moving average price of C$12.29 and a 200-day moving average price of C$12.68. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. NuVista Energy has a 52-week low of C$10.34 and a 52-week high of C$14.86.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Michael Lawford sold 21,000 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total value 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 stock was sold at an average price of C$13.60, for a total value of C$30,287.20. 20.25% of the stock is owned by corporate insiders.

NuVista Energy Company Profile

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.