NuVista Energy (TSE:NVA) PT Lowered to C$14.75

NuVista Energy (TSE:NVAGet Rating) had its price objective reduced by stock analysts at Stifel Nicolaus from C$15.50 to C$14.75 in a report released on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 40.61% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. CIBC reduced their price objective on shares of NuVista Energy from C$18.00 to C$15.00 in a report on Wednesday, July 13th. Cormark raised their price objective on shares of NuVista Energy from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, May 11th. Raymond James lifted their price target on shares of NuVista Energy from C$15.50 to C$17.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 5th. Scotiabank lifted their price target on shares of NuVista Energy from C$14.50 to C$15.50 in a research note on Thursday, May 12th. Finally, National Bankshares cut their price target on shares of NuVista Energy from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a research note on Monday, July 18th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NuVista Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.39.

NuVista Energy Price Performance

NuVista Energy stock opened at C$10.49 on Thursday. NuVista Energy has a 52-week low of C$2.90 and a 52-week high of C$14.29. The company’s 50 day moving average is C$11.02 and its two-hundred day moving average is C$10.58. The firm has a market cap of C$2.40 billion and a PE ratio of 7.39. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 33.09.

NuVista Energy (TSE:NVAGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.46 by C$0.28. The firm had revenue of C$463.27 million during the quarter. On average, research analysts expect that NuVista Energy will post 2.8699999 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Michael Lawford acquired 10,000 shares of NuVista Energy stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average price of C$8.53 per share, for a total transaction of C$85,300.00. Following the completion of the purchase, the insider now directly owns 200,325 shares of the company’s stock, valued at C$1,708,772.25. In related news, Senior Officer Michael Lawford acquired 10,000 shares of NuVista Energy stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average price of C$8.53 per share, for a total transaction of C$85,300.00. Following the completion of the purchase, the insider now directly owns 200,325 shares of the company’s stock, valued at C$1,708,772.25. Also, Senior Officer Kevin Garth Asman sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of C$11.48, for a total transaction of C$57,400.00. Following the completion of the sale, the insider now owns 192,401 shares of the company’s stock, valued at approximately C$2,208,763.48. Insiders have sold a total of 253,042 shares of company stock valued at $3,166,490 over the last quarter.

About NuVista Energy

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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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