NuVista Energy (TSE:NVA) Share Price Passes Above 200 Day Moving Average – Time to Sell?

NuVista Energy Ltd. (TSE:NVA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.72 and traded as high as C$13.37. NuVista Energy shares last traded at C$13.24, with a volume of 472,765 shares trading hands.

Wall Street Analysts Forecast Growth

NVA has been the topic of a number of research reports. National Bank Financial downgraded shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. National Bankshares cut shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price target on the stock. in a research note on Thursday, December 19th. BMO Capital Markets upped their price objective on NuVista Energy from C$18.00 to C$19.00 in a research note on Friday, December 13th. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group upped their price target on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$16.64.

NuVista Energy Price Performance

The stock has a market cap of C$2.73 billion, a PE ratio of 8.22, a P/E/G ratio of 0.59 and a beta of 2.57. The firm’s fifty day moving average price is C$12.50 and its 200 day moving average price is C$12.72. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03.

Insider Buying and Selling

In other news, Senior Officer Jonathan Andrew Wright sold 37,437 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$13.45, for a total value of C$503,527.65. Also, Senior Officer Kevin Garth Asman sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of C$13.50, for a total value of C$135,000.00. Over the last three months, insiders have sold 130,121 shares of company stock worth $1,696,927. Corporate insiders own 20.25% of the company’s stock.

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.