NuVista Energy (TSE:NVA) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

NuVista Energy Ltd. (TSE:NVA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.47 and traded as high as C$12.62. NuVista Energy shares last traded at C$12.47, with a volume of 1,535,428 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NVA shares. BMO Capital Markets raised their target price on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective on the stock. in a report on Thursday, December 19th. Desjardins lowered shares of NuVista Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$17.00 to C$16.25 in a research note on Wednesday. National Bank Financial downgraded shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.54.

NuVista Energy Price Performance

The business has a 50-day simple moving average of C$12.68 and a 200-day simple moving average of C$12.47. 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 company has a market cap of C$2.58 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Activity at NuVista Energy

In related news, Senior Officer Joshua Thomas Truba sold 28,759 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$14.04, for a total transaction of C$403,776.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 15,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$13.87, for a total transaction of C$208,050.00. Insiders have sold a total of 48,759 shares of company stock valued at $683,326 over the last 90 days. 20.25% of the stock is owned by corporate 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.