Ivan J. Condic Sells 2,227 Shares of NuVista Energy Ltd. (TSE:NVA) Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Ivan J. Condic sold 2,227 shares of NuVista Energy stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total transaction of C$30,287.20.

NuVista Energy Price Performance

Shares of TSE:NVA opened at C$13.85 on Wednesday. NuVista Energy Ltd. has a twelve month low of C$10.34 and a twelve month high of C$14.86. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The company has a market cap of C$2.84 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. The company’s 50 day moving average is C$12.64 and its 200 day moving average is C$12.51.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research note on Friday, March 7th. Desjardins cut NuVista Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$17.00 to C$16.25 in a research report on Wednesday, March 19th. National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Atb Cap Markets raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Finally, Jefferies Financial Group upped their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$17.54.

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.