NuVista Energy (TSE:NVA) Upgraded to “Strong-Buy” by Cormark

Cormark upgraded shares of NuVista Energy (TSE:NVA) to a strong-buy rating in a report issued on Monday, Zacks.com reports.

NVA has been the subject of several other reports. CIBC increased their price target on NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. BMO Capital Markets raised their target price on shares of 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. Jefferies Financial Group dropped their price target on shares of NuVista Energy from C$17.00 to C$14.00 and set a buy rating on the stock in a research note on Monday, September 16th. Scotiabank raised their price objective on shares of NuVista Energy from C$15.00 to C$16.00 in a research report on Friday, July 12th. Finally, TD Securities lifted their price objective on NuVista Energy from C$15.00 to C$17.00 and gave the company a buy rating in a report on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NuVista Energy presently has a consensus rating of Moderate Buy and a consensus target price of C$15.93.

NuVista Energy Trading Down 3.0 %

TSE NVA opened at C$10.73 on Monday. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86. The firm has a market cap of C$2.21 billion, a PE ratio of 6.66, a P/E/G ratio of 0.59 and a beta of 2.61. The firm’s fifty day moving average is C$12.55 and its two-hundred day moving average is C$12.77. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90.

NuVista Energy (TSE:NVA) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.35 by C$0.18. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. The firm had revenue of C$323.35 million for the quarter, compared to analysts’ expectations of C$312.00 million. Analysts expect that NuVista Energy will post 1.0834114 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total value of C$67,267.98. In other NuVista Energy news, Director Keith A.J. Macphail sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of C$14.20, for a total transaction of C$284,000.00. Also, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of NuVista Energy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total transaction of C$67,267.98. Insiders own 20.25% of the company’s stock.

About NuVista Energy

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.