NuVista Energy Ltd. (TSE:NVA) Receives C$16.23 Average PT from Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$16.23.

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

NuVista Energy Price Performance

NuVista Energy stock opened at C$11.54 on Thursday. The company has a fifty day simple moving average of C$13.14 and a 200-day simple moving average of C$12.78. 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 has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.59 and a beta of 2.61. 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 analysts’ consensus estimates of C$0.35 by C$0.18. The business had revenue of C$323.35 million for the quarter, compared to analyst estimates of C$312.00 million. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. On average, 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 stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total transaction of C$67,267.98. In other NuVista Energy news, Director Keith A.J. Macphail sold 20,000 shares of NuVista Energy stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of C$14.20, for a total value of C$284,000.00. Also, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total transaction of C$67,267.98. In the last three months, insiders have sold 26,673 shares of company stock valued at $372,849. 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.