follow upNuVista Energy Up 9.5%, Most in 8 Months; Trading Volume Surges
2022-01-11 15:11:20.317 GMT
By Bloomberg Automation
(Bloomberg) -- NuVista Energy Ltd. rose 9.5%. Trading
volume was six times the average for this time of day.
* The shares increased to C$7.87, higher than any close since
Aug. 29, 2018, from C$7.19.
* The stock was the best performer among its peers.
* The Canada S&P/TSX rose 0.1%.
NuVista Energy Prelim 4Q Total Production Above 60,000
Boe/D
Nuvista Energy Ltd Price Target Raised to C$9.00/Share From
C$7.50 by National Bank
Market Metrics
* Trading volume was 1.55 million shares, six times the 20-day
average of 270,822 shares for this time of day.
* One-month implied volatility was 88%.
* The relative strength index on the stock was above 70,
indicating it may be overbought.
* Of shares that were traded, 35% were at the ask price and 35%
were at the bid.
Market Insights
* In the past year, the stock had a similar or greater gain four
times at the close; it advanced in the next trading session
twice (2%, on average) and declined once (2.2%).
* Stock advanced 664% in the past 52 weeks, compared with a 174%
increase for the company's Bloomberg peers. The Canada S&P/TSX
gained 18%.
* The shares are up 11% in the past 5 days and rose 21% in the
past 30 days.
* NuVista Energy trades at 8.9 times its estimated earnings per
share for the coming year. It trades at 2.1 times trailing EPS.
* The company is priced at 1.4 times book value.
* Short interest was equal to 3.6 days of average trading
volume. In the previous two years, the short-interest ratio
ranged from 0.7 days to five days. Shares sold short amount to
2.1% of float.
Analyst Activity
* Analysts have seven buy, seven hold, and no sell
recommendations on the stock.
* The consensus rating is 4.0, on a 1-5 scale with 1 meaning
strong sell and 5 meaning strong buy.
* The price target of C$9 represents a 14% increase from the
last price