National Bank Financial Upgrades NuVista Energy (TSE:NVA) to Strong-Buy

NuVista Energy (TSE:NVA) was upgraded by analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

NVA has been the topic of a number of other reports. TD Securities reduced their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Jefferies Financial Group decreased their price objective on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Scotiabank boosted their target price on NuVista Energy from C$15.00 to C$16.00 in a research report on Friday, July 12th. Finally, National Bankshares upgraded NuVista Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$14.50 to C$16.00 in a report on Monday. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NuVista Energy presently has a consensus rating of “Buy” and an average target price of C$15.97.

NuVista Energy Stock Performance

NuVista Energy stock opened at C$12.47 on Friday. The stock has a 50-day simple moving average of C$11.49 and a 200 day simple moving average of C$12.64. The stock has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. NuVista Energy has a 12-month low of C$9.59 and a 12-month high of C$14.86.

Insider Activity at NuVista Energy

In other news, Senior Officer Michael Lawford sold 10,116 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total value of C$117,446.76. Corporate insiders own 20.25% of the company’s stock.

NuVista Energy Company Profile

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.