NuVista Energy (TSE:NVA) Price Target Cut to C$14.00 by Analysts at Jefferies Financial Group

NuVista Energy (TSE:NVA) had its price target reduced by Jefferies Financial Group from C$17.00 to C$14.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 18.74% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Scotiabank lifted their price objective on shares of NuVista Energy from C$15.00 to C$16.00 in a report on Friday, July 12th. BMO Capital Markets lifted their price objective on shares of NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. TD Securities lifted their price objective on shares of NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, CIBC lifted their price objective on shares of NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$15.93.

NuVista Energy Price Performance

Shares of NVA opened at C$11.79 on Monday. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. The stock has a market cap of C$2.43 billion, a PE ratio of 7.32, a P/E/G ratio of 0.59 and a beta of 2.61. The firm has a 50-day simple moving average of C$12.94 and a two-hundred day simple moving average of C$12.79. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78.

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

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total transaction of C$67,267.98. In other 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 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 the business’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 transaction of C$67,267.98. Insiders sold 26,673 shares of company stock worth $372,849 in the last 90 days. Corporate insiders own 20.25% 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.