NuVista Energy (TSE:NVA) Share Price Passes Above 200 Day Moving Average of $12.09

NuVista Energy Ltd. (TSE:NVA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.09 and traded as high as C$13.97. NuVista Energy shares last traded at C$13.95, with a volume of 892,060 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on NVA shares. Desjardins decreased their price objective on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating for the company in a research note on Friday, March 22nd. TD Securities lifted their price objective on shares of NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a research note on Friday, June 14th. CIBC lifted their price objective on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, April 22nd. BMO Capital Markets lifted their price objective on shares of NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Finally, National Bankshares lifted their price objective on shares of NuVista Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$15.48.

NuVista Energy Stock Performance

The company has a market cap of C$2.93 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83. The firm’s fifty day moving average is C$13.46 and its 200 day moving average is C$12.12. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 15.87.

NuVista Energy (TSE:NVA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.17 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.14). The company had revenue of C$309.02 million during the quarter, compared to analysts’ expectations of C$276.00 million. NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. As a group, research analysts predict that NuVista Energy Ltd. will post 1.3395253 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Jonathan Andrew Wright sold 28,946 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$12.76, for a total value of C$369,350.96. In other NuVista Energy news, Senior Officer Jonathan Andrew Wright sold 28,946 shares of NuVista Energy stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$12.76, for a total transaction of C$369,350.96. Also, Director Keith A.J. Macphail sold 50,000 shares of NuVista Energy stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$12.77, for a total transaction of C$638,500.00. In the last quarter, insiders sold 116,160 shares of company stock valued at $1,516,334. 20.23% of the stock is owned by corporate insiders.

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.