Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 2,227 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Ivan J. Condic sold 2,227 shares of NuVista Energy stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of C$13.60, for a total value of C$30,287.20.

NuVista Energy Price Performance

NVA stock opened at C$13.60 on Tuesday. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The company’s 50-day moving average is C$12.63 and its 200-day moving average is C$12.50. The stock has a market capitalization of C$2.78 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy Ltd. has a 1 year low of C$10.34 and a 1 year high of C$14.86.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NVA shares. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. CIBC increased their price objective on shares of NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. Jefferies Financial Group boosted their target price on shares of NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th. Finally, Cormark upgraded 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently 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.