NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells C$282,870.00 in Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Michael Lawford sold 21,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$13.47, for a total value of C$282,870.00.

NuVista Energy Price Performance

TSE:NVA traded down C$0.05 during trading hours on Monday, hitting C$11.46. 275,306 shares of the company’s stock traded hands, compared to its average volume of 842,908. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 14.11. The business’s fifty day simple moving average is C$12.59 and its two-hundred day simple moving average is C$12.53. The firm has a market cap of C$2.35 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.59 and a beta of 2.57. NuVista Energy Ltd. has a 52 week low of C$10.34 and a 52 week high of C$14.86.

Wall Street Analyst Weigh In

NVA has been the subject of a number of research reports. Scotiabank raised their price objective on NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. BMO Capital Markets increased their target price on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. National Bankshares lowered 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 report on Thursday, December 19th. Desjardins downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$17.00 to C$16.25 in a report on Wednesday, March 19th. Finally, Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.