NuVista Energy Ltd. (TSE:NVA) Receives Consensus Rating of “Moderate Buy” from Analysts

NuVista Energy Ltd. (TSE:NVA) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$15.31.

A number of equities analysts have recently weighed in on NVA shares. TD Securities lifted 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. Desjardins reduced their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a research report on Friday, March 22nd. BMO Capital Markets set a C$17.00 price target on shares of NuVista Energy and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Jefferies Financial Group set a C$13.00 price target on shares of NuVista Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus lifted their price target on shares of NuVista Energy from C$14.25 to C$14.50 in a research report on Monday, March 4th.

NuVista Energy Price Performance

NVA opened at C$13.04 on Friday. The company has a fifty day moving average price of C$13.00 and a two-hundred day moving average price of C$11.81. The company has a debt-to-equity ratio of 15.87, a quick ratio of 0.78 and a current ratio of 0.78. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.00. The firm has a market capitalization of C$2.69 billion, a PE ratio of 8.93, a P/E/G ratio of 0.59 and a beta of 2.83.

NuVista Energy (TSE:NVA) last released its earnings results on Tuesday, May 7th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.14). NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. The business had revenue of C$309.02 million for the quarter, compared to analyst estimates of C$276.00 million. As a group, analysts anticipate that NuVista Energy will post 1.3395253 earnings per share for the current year.

Insider Activity at NuVista Energy

In other NuVista Energy news, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were 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 dated Thursday, April 11th. The shares were sold at an average price of C$12.50, for a total transaction of C$75,000,000.00. Also, Senior Officer Jonathan Andrew Wright sold 28,946 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$12.76, for a total transaction of C$369,350.96. In the last ninety days, insiders have sold 6,094,560 shares of company stock valued at $76,210,753. 20.23% of the stock is 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.