NuVista Energy (TSE:NVA) Downgraded to “Hold” Rating by Desjardins

Desjardins downgraded shares of NuVista Energy (TSE:NVA) from a buy rating to a hold rating in a report issued on Tuesday morning,BayStreet.CA reports. They currently have C$17.00 price objective on the stock, down from their prior price objective of C$17.50.

Several other research firms have also recently issued reports on NVA. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their price target on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a report on Monday, June 30th. Raymond James Financial cut shares of NuVista Energy from a “moderate buy” rating to a “hold” rating and set a C$17.00 price objective for the company. in a research note on Thursday, July 3rd. Finally, National Bankshares upped their target price on shares of NuVista Energy from C$16.00 to C$18.60 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NuVista Energy currently has a consensus rating of “Buy” and an average target price of C$17.51.

NuVista Energy Price Performance

Shares of NVA opened at C$14.23 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The stock’s 50 day moving average is C$14.42 and its two-hundred day moving average is C$13.38. NuVista Energy has a twelve month low of C$10.34 and a twelve month high of C$16.11. The firm has a market capitalization of C$2.91 billion, a PE ratio of 9.95, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow acquired 3,000 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of C$13.75 per share, with a total value of C$41,250.00. Also, Senior Officer Joshua Thomas Truba sold 22,000 shares of NuVista Energy stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$15.45, for a total value of C$339,900.00. Over the last ninety days, insiders have sold 166,687 shares of company stock valued at $2,479,848. 20.25% of the stock is owned by company insiders.

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.