NuVista Energy Ltd. (TSE:NVA – Get Rating) has earned an average recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$14.28.
NVA has been the topic of several recent research reports. Scotiabank lifted their target price on shares of NuVista Energy from C$14.50 to C$15.50 in a report on Thursday, May 12th. Stifel Nicolaus cut their price objective on shares of NuVista Energy from C$15.50 to C$14.75 in a report on Thursday, August 4th. CIBC cut their price objective on shares of NuVista Energy from C$18.00 to C$15.00 in a report on Wednesday, July 13th. Cormark boosted their price objective on shares of NuVista Energy from C$18.00 to C$19.00 and gave the stock a "buy" rating in a report on Thursday, August 4th. Finally, Raymond James boosted their price objective on shares of NuVista Energy from C$15.50 to C$17.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 5th.
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TSE:NVA opened at C$10.50 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.60 and a debt-to-equity ratio of 23.86. The firm has a market capitalization of C$2.40 billion and a price-to-earnings ratio of 4.73. The firm's fifty day simple moving average is C$10.40 and its 200 day simple moving average is C$10.86. NuVista Energy has a twelve month low of C$3.82 and a twelve month high of C$14.29.
NuVista Energy (TSE:NVA – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.46 by C$0.28. The business had revenue of C$463.27 million for the quarter. As a group, equities research analysts expect that NuVista Energy will post 2.7900001 earnings per share for the current fiscal year.Insider Activity at NuVista Energy
In related news, Senior Officer Kevin Garth Asman sold 5,000 shares of the business's stock in a transaction dated Friday, June 17th. The shares were sold at an average price of C$11.48, for a total transaction of C$57,400.00. Following the completion of the sale, the insider now owns 192,401 shares of the company's stock, valued at approximately C$2,208,763.48. In other NuVista Energy news, Senior Officer Ross Lloyd Andreachuk sold 50,000 shares of the business's stock in a transaction dated Friday, August 5th. The shares were sold at an average price of C$10.45, for a total transaction of C$522,500.00. Following the completion of the transaction, the insider now directly owns 105,054 shares of the company's stock, valued at approximately C$1,097,814.30. Also, Senior Officer Kevin Garth Asman sold 5,000 shares of the business's stock in a transaction dated Friday, June 17th. The shares were sold at an average price of C$11.48, for a total transaction of C$57,400.00. Following the transaction, the insider now directly owns 192,401 shares of the company's stock, valued at C$2,208,763.48. Insiders sold a total of 125,467 shares of company stock valued at $1,454,104 in the last quarter.
NuVista Energy Company Profile
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NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate rich Montney formation in the Wapiti area of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.
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