Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 2,227 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Ivan J. Condic sold 2,227 shares of NuVista Energy stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$13.60, for a total value of C$30,287.20.

NuVista Energy Price Performance

Shares of TSE:NVA traded up C$0.17 during trading on Monday, reaching C$13.67. 231,365 shares of the company’s stock traded hands, compared to its average volume of 844,820. The firm has a market cap of C$2.80 billion, a PE ratio of 9.56, a P/E/G ratio of 0.59 and a beta of 2.57. NuVista Energy Ltd. has a fifty-two week low of C$10.34 and a fifty-two week high of C$14.86. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The company has a 50-day simple moving average of C$12.63 and a 200-day simple moving average of C$12.49.

Analyst Ratings Changes

Several research firms have recently issued reports on NVA. Jefferies Financial Group lifted their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price on the stock. in a research report on Thursday, December 19th. Atb Cap Markets raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Desjardins downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$17.00 to C$16.25 in a research note on Wednesday, March 19th. Finally, CIBC lifted their target price on NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.54.

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.