National Bankshares Boosts NuVista Energy (TSE:NVA) Price Target to C$15.00

NuVista Energy (TSE:NVA) had its price target hoisted by analysts at National Bankshares from C$14.00 to C$15.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 20.97% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. CIBC boosted their price target on shares of NuVista Energy from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Jefferies Financial Group set a C$13.00 price objective on NuVista Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th. BMO Capital Markets set a C$17.00 target price on NuVista Energy and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Desjardins lowered their price objective on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Raymond James decreased their target price on shares of NuVista Energy from C$18.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.92.

NuVista Energy Stock Up 2.6 %

NVA traded up C$0.32 during mid-day trading on Friday, reaching C$12.40. 186,927 shares of the stock were exchanged, compared to its average volume of 424,805. The company has a 50 day moving average price of C$11.58 and a two-hundred day moving average price of C$11.70. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.78 and a current ratio of 1.04. NuVista Energy has a 1 year low of C$9.59 and a 1 year high of C$13.72. The stock has a market capitalization of C$2.57 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.59 and a beta of 2.85.

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

Insider Buying and Selling at NuVista Energy

In related news, insider Paramount Resources Ltd. sold 6,000,000 shares of NuVista Energy stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$12.50, for a total value of C$75,000,000.00. 22.89% of the stock is currently owned by corporate 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.