Nuvista Energy Ltd (NVA) Insider Douglas Christopher Mcdavid Sells 6,600 Shares

Nuvista Energy Ltd (TSE:NVA) insider Douglas Christopher Mcdavid sold 6,600 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$7.44, for a total value of C$49,104.00.

Douglas Christopher Mcdavid also recently made the following trade(s):

  • On Tuesday, September 4th, Douglas Christopher Mcdavid acquired 2,000 shares of Nuvista Energy stock.

Shares of Nuvista Energy stock traded down C$0.17 during trading hours on Friday, hitting C$7.18. 911,000 shares of the company’s stock traded hands, compared to its average volume of 565,863. Nuvista Energy Ltd has a 12-month low of C$6.69 and a 12-month high of C$9.89.

Nuvista Energy (TSE:NVA) last announced its earnings results on Tuesday, August 7th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.06. Nuvista Energy had a negative return on equity of 2.12% and a negative net margin of 5.40%. The firm had revenue of C$137.13 million during the quarter, compared to analyst estimates of C$115.90 million.

Several equities analysts have weighed in on the company. TD Securities dropped their price objective on Nuvista Energy from C$11.50 to C$10.00 and set a “buy” rating on the stock in a research note on Wednesday, September 5th. BMO Capital Markets dropped their price objective on Nuvista Energy from C$11.50 to C$10.00 in a research note on Friday, August 31st. Raymond James dropped their price objective on Nuvista Energy from C$14.50 to C$13.75 and set a “strong-buy” rating on the stock in a research note on Friday, August 31st. Industrial Alliance Securities raised their price objective on Nuvista Energy from C$11.00 to C$12.00 in a research note on Thursday, August 9th. Finally, National Bank Financial upgraded Nuvista Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$11.00 to C$12.00 in a research note on Wednesday, August 8th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Nuvista Energy currently has a consensus rating of “Buy” and an average price target of C$11.44.

Nuvista Energy Company Profile

NuVista Energy Ltd., an exploration and production company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.

Further Reading: Leveraged Buyout (LBO) Explained

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