Brokerages Set NuVista Energy Ltd. (TSE:NVA) Target Price at C$16.23

Shares of NuVista Energy Ltd. (TSE:NVA) have been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$16.23.

Several analysts have weighed in on the company. Jefferies Financial Group boosted their price target on NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a research note on Monday, July 15th. BMO Capital Markets boosted their target price on shares of NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. TD Securities increased their price target on NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Scotiabank lifted their price objective on NuVista Energy from C$15.00 to C$16.00 in a research note on Friday, July 12th. Finally, CIBC upped their target price on NuVista Energy from C$16.50 to C$20.00 in a research note on Monday, July 15th.

NuVista Energy Stock Performance

NVA opened at C$11.54 on Thursday. The company has a market cap of C$2.38 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 0.59 and a beta of 2.61. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The firm’s 50-day moving average price is C$13.14 and its 200-day moving average price is C$12.78. 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 released its earnings results on Thursday, August 8th. The company reported C$0.53 earnings per share for the quarter, topping the consensus estimate of C$0.35 by C$0.18. The company had revenue of C$323.35 million for 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%. As a group, equities analysts anticipate that NuVista Energy will post 1.1321462 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total value of C$67,267.98. In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total value of C$67,267.98. Also, Director Keith A.J. Macphail sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of C$14.20, for a total transaction of C$284,000.00. Insiders have sold 26,673 shares of company stock worth $372,849 in the last ninety days. Company insiders own 20.26% 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.