NuVista Energy Ltd. (TSE:NVA) Receives C$15.78 Average PT from Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$15.78.

A number of research firms have issued reports on NVA. Jefferies Financial Group cut their price objective on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, September 16th. National Bankshares cut their price objective on shares of NuVista Energy from C$15.00 to C$14.50 in a report on Friday, September 27th. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. CIBC boosted their price objective on shares of NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. Finally, Scotiabank boosted their price objective on shares of NuVista Energy from C$15.00 to C$16.00 in a report on Friday, July 12th.

NuVista Energy Stock Performance

Shares of NVA stock opened at C$11.14 on Friday. The company has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.59 and a beta of 2.57. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The company has a 50-day simple moving average of C$11.80 and a 200 day simple moving average of C$12.68. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.86.

NuVista Energy (TSE:NVA) last announced its earnings results on Thursday, August 8th. The company reported C$0.53 EPS for the quarter, topping the consensus estimate of C$0.35 by C$0.18. The business had revenue of C$323.35 million during the quarter, compared to the consensus estimate of C$312.00 million. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. On average, sell-side analysts predict that NuVista Energy will post 1.0702905 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Michael Lawford sold 10,116 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. In related news, Senior Officer Michael Lawford sold 10,116 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. Also, 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 transaction of C$67,267.98. Corporate 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.