NuVista Energy (TSE:NVA) Stock Price Expected to Rise, Scotiabank Analyst Says

NuVista Energy (TSE:NVA) had its price target raised by equities researchers at Scotiabank from C$16.00 to C$17.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 28.11% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Cormark raised NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a research 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 research note on Friday, December 13th. National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a research note on Thursday, December 19th. Finally, Jefferies Financial Group raised their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NuVista Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$16.69.

NuVista Energy Stock Down 0.2 %

NVA stock traded down C$0.03 during mid-day trading on Friday, reaching C$13.27. The company had a trading volume of 214,687 shares, compared to its average volume of 661,238. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The company has a market capitalization of C$2.73 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The firm has a fifty day simple moving average of C$13.32 and a 200 day simple moving average of C$12.75. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of NuVista Energy stock in a transaction that occurred 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 Michael Lawford sold 17,348 shares of NuVista Energy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total value of C$218,064.36. In the last ninety days, insiders have sold 168,764 shares of company stock worth $2,262,806. 20.25% of the stock is currently owned by insiders.

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.