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

Shares of NuVista Energy Ltd. (TSE:NVA) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$16.23.

NVA has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective 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. National Bankshares lifted their price target on shares of 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. Scotiabank increased their price objective on shares of NuVista Energy from C$15.00 to C$16.00 in a research note on Friday, July 12th. CIBC upped their target price on shares of NuVista Energy from C$16.50 to C$20.00 in a research note on Monday, July 15th. Finally, TD Securities increased their price target on shares of 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.

Insider Buying and Selling

In other NuVista Energy news, Director Keith A.J. Macphail sold 50,000 shares of NuVista Energy stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$12.77, for a total value of C$638,500.00. In related news, Senior Officer Jonathan Andrew Wright sold 28,946 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$12.76, for a total value of C$369,350.96. Also, Director Keith A.J. Macphail sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$12.77, for a total value of C$638,500.00. Insiders have sold a total of 116,160 shares of company stock worth $1,516,334 over the last quarter. 20.23% of the stock is owned by company insiders.

NuVista Energy Price Performance

Shares of NVA stock opened at C$13.47 on Wednesday. The firm has a fifty day simple moving average of C$13.61 and a 200-day simple moving average of C$12.28. The company has a market capitalization of C$2.78 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$14.86. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 15.87.

NuVista Energy (TSE:NVA) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$309.02 million during the quarter, compared to analysts’ expectations of C$276.00 million. Equities research analysts anticipate that NuVista Energy will post 1.3395253 earnings per share for the current fiscal year.

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.