NuVista Energy (TSE:NVA) PT Raised to C$17.00

NuVista Energy (TSE:NVAGet Free Report) had its price target raised by equities researchers at TD Securities from C$15.00 to C$17.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 26.96% from the stock’s current price.

A number of other analysts have also recently weighed in on NVA. Desjardins lowered their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group set a C$13.00 target price on shares of NuVista Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. National Bankshares upped their price target on NuVista Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. CIBC raised their price objective on NuVista Energy from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets set a C$17.00 target price on NuVista Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NuVista Energy presently has an average rating of “Moderate Buy” and an average target price of C$15.31.

Get Our Latest Stock Analysis on NVA

NuVista Energy Price Performance

NVA stock remained flat at C$13.39 during trading on Friday. 219,855 shares of the company traded hands, compared to its average volume of 432,886. The company has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 0.59 and a beta of 2.83. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$14.00. The company has a debt-to-equity ratio of 15.87, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50-day moving average price is C$12.87 and its two-hundred day moving average price is C$11.74.

NuVista Energy (TSE:NVAGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.17 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.14). NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. The company had revenue of C$309.02 million during the quarter, compared to the consensus estimate of C$276.00 million. On average, equities research analysts predict that NuVista Energy will post 1.3395253 EPS for the current fiscal year.

Insider Transactions at NuVista Energy

In other NuVista Energy news, Director Keith A.J. Macphail sold 50,000 shares of NuVista Energy stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$12.77, for a total transaction of C$638,500.00. In other news, Director Keith A.J. Macphail sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$12.77, for a total value of C$638,500.00. Also, Senior Officer Jonathan Andrew Wright sold 28,946 shares of NuVista Energy stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$12.76, for a total value of C$369,350.96. Insiders sold a total of 6,090,980 shares of company stock worth $76,161,886 over the last three months. 20.23% of the stock is currently owned by insiders.

NuVista Energy Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for NuVista Energy (TSE:NVA)

Receive News & Ratings for NuVista Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuVista Energy and related companies with MarketBeat.com's FREE daily email newsletter.