NuVista Energy Ltd. (TSE:NVA) Receives C$17.51 Consensus PT from Brokerages

NuVista Energy Ltd. (TSE:NVA) has been given an average rating of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$17.51.

A number of research firms have recently commented 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. Raymond James Financial lowered NuVista Energy from a “moderate buy” rating to a “hold” rating and set a C$17.00 price objective on the stock. in a report on Thursday, July 3rd. Royal Bank Of Canada boosted their price target on NuVista Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Monday, June 30th. Desjardins lowered NuVista Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$17.50 to C$17.00 in a research note on Tuesday, August 26th. Finally, National Bankshares upped their target price on NuVista Energy from C$16.00 to C$18.60 and gave the company an “outperform” rating in a research note on Thursday, August 7th.

NuVista Energy Stock Up 0.5%

NVA opened at C$15.48 on Monday. The business’s 50-day simple moving average is C$14.46 and its 200-day simple moving average is C$13.64. 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 one year low of C$10.34 and a one year high of C$16.11. The stock has a market capitalization of C$3.05 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 0.59 and a beta of 0.52.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford bought 18,000 shares of the stock in a transaction dated Monday, July 7th. The stock was bought at an average cost of C$13.90 per share, for a total transaction of C$250,200.00. Also, Senior Officer Christopher Mark Alessandro Legrow bought 3,000 shares of the stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of C$13.75 per share, with a total value of C$41,250.00. 20.25% of the stock is currently 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.