National Bank Financial Downgrades NuVista Energy (TSE:NVA) to Hold

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

NVA has been the subject of several other research reports. TD Securities dropped their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a research note on Tuesday, October 1st. Jefferies Financial Group raised their price objective on NuVista Energy from C$14.00 to C$19.00 in a report on Monday. BMO Capital Markets upped their target price on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. National Bankshares downgraded NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 target price for the company. in a research report on Thursday. Finally, Cormark upgraded NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$16.64.

NuVista Energy Stock Performance

TSE:NVA opened at C$12.26 on Wednesday. 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 capitalization of C$2.53 billion, a PE 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. The stock’s 50-day simple moving average is C$12.30 and its 200 day simple moving average is C$12.74.

Insider Activity at NuVista Energy

In other news, Senior Officer Michael Lawford sold 17,348 shares of NuVista Energy stock in a transaction 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 Kevin Garth Asman sold 10,000 shares of NuVista Energy 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. In the last three months, insiders sold 130,121 shares of company stock valued at $1,696,927. 20.25% of the stock is owned by insiders.

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.