NuVista Energy (TSE:NVA) Upgraded by Atb Cap Markets to Strong-Buy Rating

NuVista Energy (TSE:NVA) was upgraded by analysts at Atb Cap Markets from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets lifted their price objective on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price for the company. in a research note on Thursday, December 19th. Scotiabank boosted their price target on NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. Finally, Desjardins downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$17.00 to C$16.25 in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$17.54.

NuVista Energy Stock Up 4.6 %

Shares of TSE NVA opened at C$13.36 on Tuesday. The firm’s 50-day moving average is C$12.62 and its 200-day moving average is C$12.47. NuVista Energy has a 1 year low of C$10.34 and a 1 year high of C$14.86. The firm has a market capitalization of C$2.74 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11.

Insiders Place Their Bets

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total value of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Insiders have sold a total of 48,759 shares of company stock worth $683,326 in the last 90 days. Company insiders own 20.25% of the company’s stock.

NuVista Energy Company Profile

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.