Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 10,000 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Kevin Garth Asman sold 10,000 shares of NuVista Energy stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$13.50, for a total transaction of C$135,000.00.

NuVista Energy Stock Performance

TSE NVA opened at C$13.57 on Friday. NuVista Energy Ltd. has a 52-week low of C$9.59 and a 52-week high of C$14.86. The company has a fifty day moving average of C$11.75 and a 200-day moving average of C$12.69. The company has a market capitalization of C$2.80 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90.

Analysts Set New Price Targets

NVA has been the subject of several recent research reports. TD Securities reduced their price target on NuVista Energy from C$17.00 to C$16.00 in a research report on Tuesday, October 1st. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. National Bank Financial raised shares of NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Jefferies Financial Group reduced their price objective on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, National Bankshares upgraded shares of NuVista Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$14.50 to C$16.00 in a research note on Monday, November 11th. Eight equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$15.97.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.