Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells 4,793 Shares of Stock

NuVista Energy Ltd. (TSE:NVA) Senior Officer Christopher Mark Alessandro Legrow sold 4,793 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$14.19, for a total value of C$68,012.67.

Christopher Mark Alessandro Legrow also recently made the following trade(s):

• On Tuesday, May 27th, Christopher Mark Alessandro Legrow sold 10,000 shares of NuVista Energy stock. The shares were sold at an average price of C$13.85, for a total transaction of C$138,500.00.
• On Wednesday, May 21st, Christopher Mark Alessandro Legrow sold 4,674 shares of NuVista Energy stock. The shares were sold at an average price of C$13.66, for a total value of C$63,846.84.
• On Tuesday, May 20th, Christopher Mark Alessandro Legrow sold 5,000 shares of NuVista Energy stock. The shares were sold at an average price of C$13.85, for a total value of C$69,250.00.

NuVista Energy Trading Up 2.8%

Shares of TSE:NVA traded up C$0.41 during midday trading on Monday, reaching C$14.98. The company’s stock had a trading volume of 872,540 shares, compared to its average volume of 864,240. The firm has a market capitalization of C$3.07 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.59 and a beta of 2.57. NuVista Energy Ltd. has a fifty-two week low of C$10.34 and a fifty-two week high of C$15.12. The company has a debt-to-equity ratio of 14.11, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a 50 day moving average price of C$12.75 and a two-hundred day moving average price of C$12.94.

Analyst Upgrades and Downgrades

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