NuVista Energy (TSE:NVA) Hits New 52-Week High at $14.86

NuVista Energy Ltd. (TSE:NVA)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$14.86 and last traded at C$14.43, with a volume of 62161 shares. The stock had previously closed at C$14.26.

Analyst Upgrades and Downgrades

NVA has been the topic of a number of recent analyst reports. National Bankshares boosted their price objective on NuVista Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. BMO Capital Markets boosted their target price on NuVista Energy from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. CIBC upped their price objective on NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, April 22nd. TD Securities increased their target price on NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, Desjardins dropped their target price on NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$15.42.

NuVista Energy Price Performance

The company has a market capitalization of C$2.96 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.59 and a beta of 2.83. The company’s 50 day simple moving average is C$13.43 and its 200-day simple moving average is C$12.10. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 15.87.

NuVista Energy (TSE:NVA) last released its earnings results on Tuesday, May 7th. The company reported C$0.17 earnings per share (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 analyst estimates of C$276.00 million. On average, equities research analysts predict that NuVista Energy Ltd. will post 1.3395253 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$12.80, for a total transaction of C$154,035.20. In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of NuVista Energy stock in a transaction dated Monday, May 13th. The stock was sold at an average price of C$12.80, for a total transaction of C$154,035.20. Also, Senior Officer Jonathan Andrew Wright sold 28,946 shares of the business’s 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. Over the last quarter, insiders sold 116,160 shares of company stock valued at $1,516,334. 20.23% of the stock is currently owned by company insiders.

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.