National Bank Financial Upgrades NuVista Energy (TSE:NVA) to “Strong-Buy”

National Bank Financial upgraded shares of NuVista Energy (TSE:NVA) from a hold rating to a strong-buy rating in a report issued on Friday morning,Zacks.com reports.

Other research analysts have also issued research reports about the company. Jefferies Financial Group dropped their target price on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Cormark upgraded NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. National Bankshares upgraded NuVista Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$14.50 to C$16.00 in a report on Monday. TD Securities dropped their price target on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Finally, CIBC lifted their price target on NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NuVista Energy currently has a consensus rating of “Buy” and a consensus target price of C$15.97.

NuVista Energy Stock Down 0.8 %

NVA stock opened at C$12.47 on Friday. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$14.86. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The stock’s 50 day moving average is C$11.49 and its 200-day moving average is C$12.64. The firm has a market capitalization of C$2.57 billion, a PE ratio of 7.75, a P/E/G ratio of 0.59 and a beta of 2.57.

Insider Activity

In other news, Senior Officer Michael Lawford sold 10,116 shares of NuVista Energy stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$11.61, for a total value of C$117,446.76. 20.25% of the stock is owned by company 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.