NuVista Energy (TSE:NVA) Price Target Raised to C$19.00

NuVista Energy (TSE:NVAGet Rating) had its target price hoisted by equities research analysts at Cormark from C$18.00 to C$19.00 in a report released on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Cormark’s target price points to a potential upside of 81.12% from the company’s current price.

Several other equities analysts have also issued reports on NVA. CIBC decreased their price objective on NuVista Energy from C$18.00 to C$15.00 in a research report on Wednesday, July 13th. Raymond James upped their price target on NuVista Energy from C$15.50 to C$17.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 5th. Scotiabank upped their price target on NuVista Energy from C$14.50 to C$15.50 in a research report on Thursday, May 12th. Stifel Nicolaus reduced their price target on NuVista Energy from C$15.50 to C$14.75 in a research report on Thursday. Finally, National Bankshares reduced their price target on NuVista Energy from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Monday, July 18th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$13.39.

NuVista Energy Stock Performance

Shares of NVA stock opened at C$10.49 on Thursday. The company has a debt-to-equity ratio of 33.09, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a 50-day moving average of C$11.02 and a 200-day moving average of C$10.58. NuVista Energy has a one year low of C$2.90 and a one year high of C$14.29. The stock has a market cap of C$2.40 billion and a PE ratio of 7.39.

NuVista Energy (TSE:NVAGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.46 by C$0.28. The business had revenue of C$463.27 million during the quarter. As a group, sell-side analysts expect that NuVista Energy will post 2.8699999 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Ross Lloyd Andreachuk sold 53,945 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of C$12.10, for a total value of C$652,734.50. Following the completion of the sale, the insider now owns 184,132 shares of the company’s stock, valued at approximately C$2,227,997.20. In other NuVista Energy news, Senior Officer Michael Lawford purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average price of C$8.53 per share, for a total transaction of C$85,300.00. Following the purchase, the insider now owns 200,325 shares in the company, valued at C$1,708,772.25. Also, Senior Officer Ross Lloyd Andreachuk sold 53,945 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of C$12.10, for a total value of C$652,734.50. Following the completion of the sale, the insider now owns 184,132 shares in the company, valued at approximately C$2,227,997.20. In the last 90 days, insiders sold 253,042 shares of company stock valued at $3,166,490.

NuVista Energy Company Profile

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NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate rich Montney formation in the Wapiti area of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

Further Reading

Analyst Recommendations for NuVista Energy (TSE:NVA)

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