Michael Lawford Buys 2,010 Shares of NuVista Energy Ltd. (TSE:NVA) Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Michael Lawford bought 2,010 shares of NuVista Energy stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of C$12.29 per share, with a total value of C$24,702.90.

Michael Lawford also recently made the following trade(s):

• On Monday, November 18th, Michael Lawford sold 9,513 shares of NuVista Energy stock. The stock was sold at an average price of C$13.00, for a total value of C$123,669.00.
• On Tuesday, November 12th, Michael Lawford sold 17,348 shares of NuVista Energy stock. The stock was sold at an average price of C$12.57, for a total transaction of C$218,064.36.
• On Monday, October 7th, Michael Lawford sold 10,116 shares of NuVista Energy stock. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76.

NuVista Energy Stock Performance

Shares of NVA stock opened at C$12.33 on Friday. NuVista Energy Ltd. has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86. The stock’s 50-day moving average is C$12.32 and its two-hundred day moving average is C$12.73. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78. The firm has a market cap of C$2.54 billion, a P/E ratio of 7.66, a PEG ratio of 0.59 and a beta of 2.57.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NVA. BMO Capital Markets boosted their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. TD Securities dropped their price target on 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 research note on Monday, September 23rd. Jefferies Financial Group lifted their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Finally, 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 report on Thursday. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NuVista Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$16.64.

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.