NuVista Energy (TSE:NVA) Rating Increased to Moderate Buy at Desjardins

NuVista Energy (TSE:NVA) was upgraded by analysts at Desjardins from a “hold” rating to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on NVA. Atb Cap Markets raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Raymond James cut their target price on shares of NuVista Energy from C$18.00 to C$17.00 in a research note on Wednesday, April 9th. Scotiabank lifted their price objective on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. Finally, CIBC reduced their target price on NuVista Energy from C$19.50 to C$18.00 in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NuVista Energy has an average rating of “Buy” and an average target price of C$17.28.

NuVista Energy Stock Up 4.0%

Shares of NVA stock opened at C$13.81 on Monday. NuVista Energy has a fifty-two week low of C$10.34 and a fifty-two week high of C$14.86. The firm has a market capitalization of C$2.83 billion, a PE ratio of 9.66, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The stock’s 50-day simple moving average is C$12.29 and its 200-day simple moving average is C$12.68.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$13.47, for a total transaction of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total value of C$30,287.20. 20.25% of the stock is owned by company insiders.

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.