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 the stock in a transaction dated 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 Stock Performance

TSE:NVA traded up C$0.17 during trading hours on Monday, reaching C$13.67. The company had a trading volume of 231,365 shares, compared to its average volume of 844,820. The firm’s 50 day moving average price is C$12.63 and its 200-day moving average price is C$12.49. The firm has a market cap of C$2.80 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.59 and a beta of 2.57. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. NuVista Energy Ltd. has a 52 week low of C$10.34 and a 52 week high of C$14.86.

Analyst Upgrades and Downgrades

NVA has been the subject of several recent research reports. National Bank Financial lowered shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Desjardins lowered shares of NuVista Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$17.00 to C$16.25 in a research note on Wednesday, March 19th. CIBC upped their target price on shares of NuVista Energy from C$18.00 to C$19.50 in a research note on Friday, January 17th. Finally, Atb Cap Markets raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, NuVista Energy currently has an average rating of “Moderate Buy” and an average target price of C$17.54.

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.