NuVista Energy (TSE:NVA) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of NuVista Energy Ltd. (TSE:NVA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.61 and traded as high as C$18.88. NuVista Energy shares last traded at C$18.59, with a volume of 741,819 shares trading hands.

Wall Street Analysts Forecast Growth

NVA has been the topic of a number of recent analyst reports. National Bankshares lowered NuVista Energy from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$18.50 to C$20.00 in a research note on Wednesday, October 22nd. CIBC downgraded NuVista Energy from an “outperform” rating to a “tender” rating and reduced their price objective for the stock from C$20.00 to C$18.00 in a report on Friday, November 7th. Jefferies Financial Group downgraded NuVista Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$20.00 to C$18.00 in a research report on Thursday, November 13th. TD Securities cut NuVista Energy from a “hold” rating to a “sell” rating and boosted their price objective for the stock from C$17.00 to C$18.04 in a report on Wednesday, November 5th. Finally, Scotiabank cut their price objective on shares of NuVista Energy from C$19.00 to C$18.00 in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$17.89.

NuVista Energy Stock Performance

The company has a market cap of C$3.60 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 0.59 and a beta of 0.17. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a 50-day moving average price of C$17.26 and a 200 day moving average price of C$15.61.

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.