NuVista Energy (TSE:NVA) Stock Price Passes Above 200-Day Moving Average – What’s Next?

NuVista Energy Ltd. (TSE:NVA)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.72 and traded as high as C$13.37. NuVista Energy shares last traded at C$13.24, with a volume of 472,765 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVA shares. Jefferies Financial Group boosted their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. TD Securities reduced their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective for the company. in a report on Thursday, December 19th. Finally, Cormark upgraded NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NuVista Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$16.64.

NuVista Energy Trading Up 0.8 %

The company has a fifty day moving average of C$12.50 and a 200-day moving average of C$12.72. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. The company has a market capitalization of C$2.73 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling

In related news, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total transaction of C$316,042.77. Also, Senior Officer Michael Lawford sold 10,116 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. Over the last ninety days, insiders sold 130,121 shares of company stock worth $1,696,927. 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.