NuVista Energy (TSE:NVA) Rating Lowered to “Hold” at National Bank Financial

NuVista Energy (TSE:NVA) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on NVA. TD Securities reduced their price target on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Jefferies Financial Group boosted their price target on NuVista Energy from C$14.00 to C$19.00 in a research note on Monday. National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target for the company. in a report on Thursday. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, BMO Capital Markets raised their price objective on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$16.64.

NuVista Energy Stock Down 4.0 %

Shares of NuVista Energy stock opened at C$12.26 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. The company has a fifty day moving average price of C$12.30 and a 200 day moving average price of C$12.74. The stock has a market cap of C$2.53 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$14.86.

Insiders Place Their Bets

In related news, Senior Officer Michael Lawford sold 9,513 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$13.00, for a total value of C$123,669.00. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of NuVista Energy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$13.11, for a total value of C$316,042.77. Over the last quarter, insiders have sold 130,121 shares of company stock worth $1,696,927. 20.25% of the stock is currently owned by company 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.