NuVista Energy Ltd. (TSE:NVA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$16.97.

NVA has been the subject of a number of recent analyst reports. National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets raised their price target on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. CIBC raised their price target on NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target for the company. in a report on Thursday, December 19th. Finally, 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.

NuVista Energy Trading Down 2.5 %

Shares of NVA opened at C$13.01 on Friday. NuVista Energy has a 1 year low of C$9.59 and a 1 year high of C$14.86. 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 stock has a 50 day simple moving average of C$13.49 and a 200-day simple moving average of C$12.72. The stock has a market cap of C$2.68 billion, a PE ratio of 8.08, a PEG ratio of 0.59 and a beta of 2.57.

NuVista Energy (TSE:NVA) last released its quarterly earnings results on Friday, November 8th. The company reported C$0.29 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.11. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. On average, sell-side analysts predict that NuVista Energy will post 1.0702905 EPS for the current fiscal year.

Insider Transactions at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$14.30, for a total value of C$71,500.00. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$13.45, for a total value of C$503,527.65. Insiders have sold 168,764 shares of company stock worth $2,262,806 in the last three months. Insiders own 20.25% of the company’s stock.

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.