NuVista Energy (TSE:NVA) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of NuVista Energy Ltd. (TSE:NVA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.66 and traded as high as C$19.07. NuVista Energy shares last traded at C$19.04, with a volume of 1,637,797 shares.

Wall Street Analyst Weigh In

NVA has been the subject of a number of recent analyst reports. BMO Capital Markets downgraded NuVista Energy from an “outperform” rating to a “hold” rating in a report on Thursday, November 13th. Jefferies Financial Group downgraded shares of NuVista Energy from a “buy” rating to a “hold” rating and cut their price target for the company from C$20.00 to C$18.00 in a report on Thursday, November 13th. CIBC downgraded shares of NuVista Energy from an “outperform” rating to a “tender” rating and decreased their price objective for the stock from C$20.00 to C$18.00 in a report on Friday, November 7th. TD Securities lowered shares of NuVista Energy from a “hold” rating to a “sell” rating and upped their target price for the stock from C$17.00 to C$18.04 in a research report on Wednesday, November 5th. Finally, National Bankshares downgraded shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$18.50 to C$20.00 in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NuVista Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.82.

NuVista Energy Price Performance

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 company has a 50-day moving average of C$18.29 and a 200-day moving average of C$16.66. The stock has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.59 and a beta of 0.24.

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. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista.