Analysts Set NuVista Energy Ltd. (TSE:NVA) PT at C$16.23

NuVista Energy Ltd. (TSE:NVA) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$16.23.

A number of research firms have recently commented on NVA. TD Securities lifted 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. Jefferies Financial Group boosted their price target on NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Monday, July 15th. CIBC boosted their price target on NuVista Energy from C$16.50 to C$20.00 in a research report on Monday, July 15th. BMO Capital Markets boosted their price target on NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Finally, Scotiabank boosted their price target on NuVista Energy from C$15.00 to C$16.00 in a research report on Friday, July 12th.

NuVista Energy Stock Down 0.6 %

NVA opened at C$13.52 on Wednesday. The business’s 50-day simple moving average is C$13.57 and its 200-day simple moving average is C$12.24. The company has a debt-to-equity ratio of 15.87, a quick ratio of 0.78 and a current ratio of 0.78. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86. The stock has a market capitalization of C$2.79 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83.

NuVista Energy (TSE:NVA) last posted its earnings results on Tuesday, May 7th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$309.02 million for the quarter, compared to analyst estimates of C$276.00 million. Analysts anticipate that NuVista Energy will post 1.3395253 EPS for the current year.

Insiders Place Their Bets

In other NuVista Energy news, Director Keith A.J. Macphail sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of C$14.20, for a total transaction of C$284,000.00. In other news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of the business’s stock in a transaction that occurred on 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, Director Keith A.J. Macphail sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of C$14.20, for a total value of C$284,000.00. In the last 90 days, insiders have sold 116,160 shares of company stock worth $1,516,334. Company insiders own 20.23% of the company’s stock.

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.