NuVista Energy (TSE:NVA) Lowered to Hold Rating by Desjardins

Desjardins cut shares of NuVista Energy (TSE:NVA) from a buy rating to a hold rating in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has C$16.25 price target on the stock, down from their prior price target of C$17.00.

Other analysts also recently issued research reports about the company. Jefferies Financial Group upped their target price on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. CIBC increased their target price on NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. Scotiabank increased their price target on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. National Bankshares cut NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price for the company. in a research note on Thursday, December 19th. Finally, National Bank Financial cut NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.54.

NuVista Energy Stock Up 1.2 %

Shares of NVA stock opened at C$12.74 on Wednesday. The stock’s 50-day simple moving average is C$12.65 and its 200-day simple moving average is 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 firm has a market capitalization of C$2.61 billion, a PE ratio of 8.91, a P/E/G ratio of 0.59 and a beta of 2.57. NuVista Energy has a fifty-two week low of C$10.34 and a fifty-two week high of C$14.86.

Insider Activity at NuVista Energy

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of NuVista Energy stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$14.30, for a total transaction of C$71,500.00. Also, Senior Officer Joshua Thomas Truba sold 28,759 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$14.04, for a total value of C$403,776.36. Over the last three months, insiders sold 48,759 shares of company stock worth $683,326. Company insiders own 20.25% of the company’s stock.

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.