National Bankshares Lowers NuVista Energy (TSE:NVA) Price Target to C$14.50

NuVista Energy (TSE:NVA) had its price target lowered by analysts at National Bankshares from C$15.00 to C$14.50 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 33.76% from the stock’s current price.

Several other research analysts have also issued reports on the stock. CIBC increased their price target on shares of NuVista Energy from C$16.50 to C$20.00 in a research report on Monday, July 15th. BMO Capital Markets raised their target price on NuVista Energy from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. TD Securities upped 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 Friday, June 14th. Cormark raised NuVista Energy to a “strong-buy” rating in a report on Monday. Finally, Jefferies Financial Group reduced their target price 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NuVista Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.88.

NuVista Energy Stock Performance

Shares of NVA stock traded up C$0.11 during mid-day trading on Friday, reaching C$10.84. The stock had a trading volume of 159,526 shares, compared to its average volume of 570,110. 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$2.23 billion, a PE ratio of 6.73, a P/E/G ratio of 0.59 and a beta of 2.61. The firm’s 50 day simple moving average is C$12.55 and its 200 day simple moving average is C$12.77. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03.

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

Insider Activity at NuVista Energy

In other NuVista Energy news, Director Keith A.J. Macphail sold 20,000 shares of NuVista Energy stock in a transaction on Tuesday, July 2nd. The shares were 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 5,073 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total value of C$67,267.98. Also, Director Keith A.J. Macphail sold 20,000 shares of the firm’s stock in a transaction 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. 20.25% 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.