Atb Cap Markets Upgrades NuVista Energy (TSE:NVA) to “Strong-Buy”

Atb Cap Markets upgraded shares of NuVista Energy (TSE:NVA) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price on the stock. in a research report on Thursday, December 19th. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. CIBC increased their target price on NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. BMO Capital Markets lifted their price target on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Finally, Jefferies Financial Group increased their price objective on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.54.

NuVista Energy Trading Up 4.6 %

NVA stock opened at C$13.36 on Tuesday. The company has a market capitalization of C$2.74 billion, a PE ratio of 9.34, a price-to-earnings-growth 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. NuVista Energy has a one year low of C$10.34 and a one year high of C$14.86. The company’s 50 day moving average price is C$12.62 and its two-hundred day moving average price is C$12.47.

Insider Activity at NuVista Energy

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

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.