NuVista Energy (TSE:NVA) Stock Crosses Above 200 Day Moving Average – Should You Sell?

NuVista Energy Ltd. (TSE:NVA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.48 and traded as high as C$18.61. NuVista Energy shares last traded at C$18.50, with a volume of 303,950 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NVA shares. National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$18.50 to C$20.00 in a research note on Wednesday, October 22nd. Scotiabank increased their target price on shares of NuVista Energy from C$18.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st. CIBC downgraded shares of NuVista Energy from an “outperform” rating to a “tender” rating and reduced their target price for the stock from C$20.00 to C$18.00 in a research note on Friday, November 7th. Jefferies Financial Group cut shares of NuVista Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$20.00 to C$18.00 in a research note on Thursday, November 13th. Finally, BMO Capital Markets downgraded shares of NuVista Energy from an “outperform” rating to a “hold” rating in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$17.82.

NuVista Energy Price Performance

The business’s 50-day moving average price is C$18.23 and its 200 day moving average price is C$16.48. The company has a market capitalization of C$3.58 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.01. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11.

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. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista.