NuVista Energy (TSE:NVA) Price Target Raised to C$19.00

NuVista Energy (TSE:NVA) had its price target lifted by BMO Capital Markets from C$18.00 to C$19.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 42.22% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, September 16th. TD Securities cut their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, National Bankshares raised shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$14.50 to C$16.00 in a report on Monday, November 11th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$16.08.

NuVista Energy Stock Down 1.0 %

Shares of TSE:NVA traded down C$0.14 during trading on Friday, reaching C$13.36. The stock had a trading volume of 283,502 shares, compared to its average volume of 627,117. The firm’s 50-day simple moving average is C$12.10 and its 200 day simple moving average is C$12.73. The company has a market capitalization of C$2.75 billion, a P/E ratio of 8.30, a PEG ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86.

Insider Activity at NuVista Energy

In other news, Senior Officer Michael Lawford sold 10,116 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of C$11.61, for a total value of C$117,446.76. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$13.45, for a total value of C$503,527.65. In the last quarter, insiders have sold 130,121 shares of company stock valued at $1,696,927. 20.25% of the stock is owned by insiders.

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.