Raymond James Analysts Give NuVista Energy (TSE:NVA) a C$18.00 Price Target

Raymond James set a C$18.00 price target on NuVista Energy (TSE:NVA) in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on NVA. Atb Cap Markets raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. BMO Capital Markets raised their price target on NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a report on Friday, March 7th. Jefferies Financial Group raised their target price on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Finally, Scotiabank boosted their price target on shares of NuVista Energy from C$16.00 to C$17.00 in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NuVista Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$17.28.

NuVista Energy Stock Down 6.9 %

Shares of NVA opened at C$11.01 on Tuesday. The company’s 50-day moving average price is C$12.38 and its 200 day moving average price is C$12.52. NuVista Energy has a 12-month low of C$10.34 and a 12-month high of C$14.86. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 14.11. The firm has a market cap of C$2.25 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

Insider Buying and Selling

In other news, Senior Officer Michael Lawford sold 21,000 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$13.47, for a total value of C$282,870.00. Also, Senior Officer Ivan J. Condic sold 2,227 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total value of C$30,287.20. 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.