NuVista Energy (TSE:NVA) Lowered to “Sector Perform” Rating by National Bankshares

National Bankshares cut shares of NuVista Energy (TSE:NVA) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have C$16.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. Jefferies Financial Group upped their price objective on shares of NuVista Energy from C$14.00 to C$19.00 in a research report on Monday. National Bank Financial upgraded NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. TD Securities decreased their price target on NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Finally, BMO Capital Markets increased their price objective on shares of 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$16.64.

NuVista Energy Stock Down 4.0 %

Shares of TSE NVA opened at C$12.26 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The firm has a market cap of C$2.53 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.59 and a beta of 2.57. The business’s 50 day moving average is C$12.30 and its two-hundred day moving average is C$12.74. NuVista Energy has a 52-week low of C$9.59 and a 52-week high of C$14.86.

Insider Buying and Selling at NuVista Energy

In related news, Senior Officer Michael Lawford sold 17,348 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total transaction of C$218,064.36. Also, Senior Officer Jonathan Andrew Wright sold 37,437 shares of NuVista Energy stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$13.45, for a total value of C$503,527.65. Insiders sold 130,121 shares of company stock worth $1,696,927 over the last ninety days. Company 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.