NuVista Energy (TSE:NVA) Price Target Raised to C$16.50 at CIBC

NuVista Energy (TSE:NVA) had its price target upped by equities research analysts at CIBC from C$15.50 to C$16.50 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 29.82% from the company’s current price.

A number of other research firms also recently commented on NVA. BMO Capital Markets set a C$17.00 price objective on NuVista Energy and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Raymond James cut their price objective on NuVista Energy from C$18.00 to C$14.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. Stifel Nicolaus raised their price objective on NuVista Energy from C$14.25 to C$14.50 in a report on Monday, March 4th. Desjardins dropped their target price on NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Jefferies Financial Group set a C$13.00 target price on NuVista Energy and gave the company a “buy” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NuVista Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$15.03.

NuVista Energy Stock Up 1.8 %

Shares of TSE:NVA opened at C$12.71 on Monday. The stock’s 50-day moving average price is C$11.66 and its two-hundred day moving average price is C$11.68. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 14.42. NuVista Energy has a 12-month low of C$9.59 and a 12-month high of C$13.72. The firm has a market cap of C$2.64 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.59 and a beta of 2.85.

NuVista Energy (TSE:NVA) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.08). NuVista Energy had a return on equity of 18.16% and a net margin of 29.12%. The business had revenue of C$365.50 million during the quarter, compared to analyst estimates of C$364.00 million. On average, research analysts forecast that NuVista Energy will post 1.5681818 EPS for the current year.

Insiders Place Their Bets

In other NuVista Energy news, insider Paramount Resources Ltd. sold 6,000,000 shares of NuVista Energy stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of C$12.50, for a total transaction of C$75,000,000.00. 22.89% of the stock is owned by company insiders.

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.