NuVista Energy (TSE:NVA) Shares Pass Above 200-Day Moving Average of $11.64

Shares of NuVista Energy Ltd. (TSE:NVA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.64 and traded as high as C$13.23. NuVista Energy shares last traded at C$12.90, with a volume of 626,472 shares.

Analyst Ratings Changes

NVA has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on NuVista Energy from C$14.25 to C$14.50 in a report on Monday, March 4th. Desjardins reduced their target price on NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group set a C$13.00 price objective on NuVista Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. National Bankshares upped their price objective on NuVista Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Finally, BMO Capital Markets set a C$17.00 price objective on NuVista Energy and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NuVista Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$15.03.

NuVista Energy Stock Down 1.2 %

The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 14.42. The firm has a 50 day moving average of C$12.37 and a 200 day moving average of C$11.64. The firm has a market cap of C$2.66 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.59 and a beta of 2.83.

NuVista Energy (TSE:NVA) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.41 EPS for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.08). NuVista Energy had a net margin of 29.12% and a return on equity of 18.16%. The firm had revenue of C$365.50 million during the quarter, compared to analyst estimates of C$364.00 million. As a group, sell-side analysts predict that NuVista Energy Ltd. will post 1.5 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of NuVista Energy stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$12.80, for a total value of C$154,035.20. In other news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of NuVista Energy stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$12.80, for a total value of C$154,035.20. Also, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$12.50, for a total value of C$75,000,000.00. Insiders have sold 6,090,980 shares of company stock worth $76,161,886 over the last 90 days. 20.26% of the stock is currently owned by corporate insiders.

NuVista Energy Company Profile

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.