Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells C$218,064.36 in Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Michael Lawford sold 17,348 shares of NuVista Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36.

Michael Lawford also recently made the following trade(s):

• On Monday, November 18th, Michael Lawford sold 9,513 shares of NuVista Energy stock. The stock was sold at an average price of C$13.00, for a total transaction of C$123,669.00.
• On Monday, October 7th, Michael Lawford sold 10,116 shares of NuVista Energy stock. The stock was sold at an average price of C$11.61, for a total value of C$117,446.76.

NuVista Energy Trading Down 1.1 %

Shares of NVA opened at C$13.01 on Wednesday. The stock’s fifty day simple moving average is C$11.49 and its 200-day simple moving average is C$12.65. The firm has a market capitalization of C$2.68 billion, a PE ratio of 8.08, 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$9.59 and a 12-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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NVA shares. Cormark upgraded NuVista Energy to a “strong-buy” rating in a research report on Monday, September 23rd. TD Securities dropped their price objective on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. National Bankshares raised NuVista Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$14.50 to C$16.00 in a report on Monday, November 11th. National Bank Financial raised NuVista Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group reduced their price objective on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$15.97.

NuVista Energy Company Profile

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.