Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 37,437 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Jonathan Andrew Wright sold 37,437 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$15.45, for a total value of C$578,401.65.

Jonathan Andrew Wright also recently made the following trade(s):

• On Monday, June 9th, Jonathan Andrew Wright sold 88,283 shares of NuVista Energy stock. The stock was sold at an average price of C$14.50, for a total value of C$1,280,103.50.
• On Wednesday, May 21st, Jonathan Andrew Wright sold 12,369 shares of NuVista Energy stock. The stock was sold at an average price of C$13.66, for a total value of C$168,960.54.

NuVista Energy Trading Down 0.4%

NuVista Energy stock opened at C$15.44 on Friday. The firm has a 50 day simple moving average of C$13.05 and a 200-day simple moving average of C$13.00. 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 stock has a market capitalization of C$3.16 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy Ltd. has a 12-month low of C$10.34 and a 12-month high of C$15.98.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NVA shares. Atb Cap Markets raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research report on Friday, March 7th. Raymond James decreased their target price on shares of NuVista Energy from C$18.00 to C$17.00 in a research report on Wednesday, April 9th. CIBC decreased their target price on shares of NuVista Energy from C$19.50 to C$18.00 in a research report on Thursday, April 10th. Finally, Desjardins upgraded shares of NuVista Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NuVista Energy has a consensus rating of “Buy” and an average price target of C$17.28.

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.