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 Wednesday . The stock has a 200-day moving average of C$16.48 and traded as high as C$18.61. NuVista Energy shares last traded at C$18.50, with a volume of 303,950 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NVA shares. Desjardins upgraded NuVista Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 16th. Jefferies Financial Group lowered NuVista Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$20.00 to C$18.00 in a research report on Thursday, November 13th. National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$18.50 to C$20.00 in a report on Wednesday, October 22nd. BMO Capital Markets downgraded shares of NuVista Energy from an “outperform” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Scotiabank raised their price target on shares of NuVista Energy from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$17.82.

NuVista Energy Trading Down 0.2%

The stock’s 50 day simple moving average is C$18.23 and its two-hundred day simple moving average is C$16.48. The stock has a market capitalization of C$3.58 billion, a PE ratio of 11.49, a PEG ratio of 0.59 and a beta of 0.01. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78.

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. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista.