NuVista Energy (TSE:NVA) Reaches New 52-Week High After Analyst Upgrade

Shares of NuVista Energy Ltd. (TSE:NVA) hit a new 52-week high during trading on Thursday after BMO Capital Markets raised their price target on the stock from C$17.00 to C$18.00. BMO Capital Markets currently has an outperform rating on the stock. NuVista Energy traded as high as C$14.02 and last traded at C$13.95, with a volume of 27599 shares traded. The stock had previously closed at C$13.84.

Other research analysts also recently issued research reports about the company. Desjardins dropped their price objective on 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 price objective on shares of NuVista Energy and gave the stock a “buy” rating in a report on Tuesday, February 27th. Stifel Nicolaus upped their target price on shares of NuVista Energy from C$14.25 to C$14.50 in a report on Monday, March 4th. National Bankshares lifted their price target on shares of NuVista Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. Finally, CIBC boosted their price target on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$15.42.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of the company’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. In other NuVista Energy 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 value of C$154,035.20. Also, Senior Officer Kevin Garth Asman sold 3,580 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of C$13.65, for a total transaction of C$48,867.00. Over the last three months, insiders have sold 6,095,062 shares of company stock worth $76,217,621. 20.23% of the stock is owned by company insiders.

NuVista Energy Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 15.87. The stock has a fifty day simple moving average of C$13.14 and a two-hundred day simple moving average of C$11.89. The company has a market cap of C$2.92 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83.

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

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.