NuVista Energy (TSE:NVA) Hits New 12-Month High at $14.57

NuVista Energy Ltd. (TSE:NVA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$14.57 and last traded at C$14.50, with a volume of 122201 shares. The stock had previously closed at C$14.29.

Wall Street Analysts Forecast Growth

NVA has been the topic of a number of recent analyst reports. TD Securities increased their price objective on shares of NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Friday, June 14th. CIBC raised their price target on NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Desjardins decreased their price target on 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. BMO Capital Markets increased their price objective on NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Finally, National Bankshares boosted their target price on NuVista Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$15.42.

NuVista Energy Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 15.87. The firm has a 50-day simple moving average of C$13.24 and a 200 day simple moving average of C$11.98. The company has a market cap of C$2.97 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83.

NuVista Energy (TSE:NVA) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.17 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.14). NuVista Energy had a net margin of 26.88% and a return on equity of 15.57%. The business had revenue of C$309.02 million during the quarter, compared to analysts’ expectations of C$276.00 million. On average, sell-side analysts predict that NuVista Energy Ltd. will post 1.3395253 earnings per share for the current fiscal year.

Insider Transactions at NuVista Energy

In related news, insider Paramount Resources Ltd. sold 6,000,000 shares of the stock in a transaction 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. In other NuVista Energy news, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s 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. Also, Senior Officer Kevin Garth Asman sold 3,580 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of C$13.65, for a total value of C$48,867.00. Over the last quarter, insiders sold 6,096,160 shares of company stock worth $76,232,334. Company insiders own 20.23% 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.