The shares of NuVista Energy Ltd. (TSE:NVA – Get Rating) earned an average rating of “moderate buy” from the eleven brokerages that currently cover the stock, MarketBeat.com reports. Three research analysts rated the stock with a hold recommendation, two gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among analysts who have rated the stock over the past year is C$13.75.
A number of research analysts have published reports on NVA shares. National Bankshares cut its price target on NuVista Energy from CA$14.50 to CA$11.50 in a Thursday, April 14 research note. Raymond James raised his price target on NuVista Energy from C$15.50 to C$17.00 and gave the stock a “Strong Buy” rating in a Tuesday, July 5 report. CIBC lowered its price target on NuVista Energy from C$18.00 to C$15.00 in a research note on Wednesday. Stifel Nicolaus raised his target price on NuVista Energy from CA$15.00 to CA$15.50 in a Monday, July 4 research report. Finally, Cormark raised its price target on NuVista Energy from C$16.00 to C$18.00 and gave the stock a “buy” rating in a Wednesday, May 11 research report.
NuVista Energy Price Performance
NuVista Energy stock opened at C$9.07 on Friday. The company has a 50-day simple moving average of CA$11.50 and a 200-day simple moving average of CA$10.27. The company has a debt ratio of 33.09, a current ratio of 0.51 and a quick ratio of 0.51. NuVista Energy has a 1-year low of C$2.90 and a 1-year high of C$14.29. The company has a market capitalization of C$2.07 billion and a PE ratio of 6.62.
NuVista Energy (TSE:NVA – Get Rating) last released its results on Tuesday, May 10. The company reported EPS of C$0.30 for the quarter, missing the consensus estimate of C$0.41 by C$0.11. The company had revenue of C$381.83 million in the quarter. On average, sell-side analysts expect NuVista Energy to post EPS of 1.79 for the current fiscal year.
Insider Activity at NuVista Energy
In other NuVista Energy news, Senior Officer Michael Lawford acquired 10,000 shares of NuVista Energy in a transaction that took place on Thursday, June 2. The shares were acquired at an average cost of CA$8.53 per share, for a total transaction of CA$85,300.00. Following the purchase, the insider now owns 200,325 shares of the company, valued at C$1,708,772.25.
NuVista Energy Company Profile
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NuVista Energy Ltd., an oil and gas company, is engaged in the exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It focuses primarily on the condensate-rich Montney Formation in the Wapiti region of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.
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