NuVista Energy (TSE:NVA) Price Target Raised to C$18.00 at BMO Capital Markets

NuVista Energy (TSE:NVA) had its price objective lifted by BMO Capital Markets from C$17.00 to C$18.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. TD Securities raised their price objective 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. Stifel Nicolaus raised their price objective on shares of NuVista Energy from C$14.25 to C$14.50 in a research report on Monday, March 4th. Desjardins lowered their target price on shares of NuVista Energy from C$15.00 to C$14.75 and set a buy rating for the company in a research note on Friday, March 22nd. National Bankshares increased their target price 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. Finally, CIBC increased their target price on shares of NuVista Energy from C$15.50 to C$16.50 and gave the stock an outperform rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NuVista Energy presently has an average rating of Moderate Buy and a consensus price target of C$15.42.

NuVista Energy Price Performance

Shares of TSE NVA opened at C$13.84 on Wednesday. The firm has a 50-day simple moving average of C$13.10 and a 200-day simple moving average of C$11.87. The stock has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.59 and a beta of 2.83. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 15.87. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.00.

NuVista Energy (TSE:NVA) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$309.02 million for the quarter, compared to analyst estimates of C$276.00 million. On average, equities analysts predict that NuVista Energy will post 1.3395253 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of C$12.80, for a total value of C$154,035.20. In related news, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of C$12.80, for a total value of C$154,035.20. Also, insider Paramount Resources Ltd. sold 6,000,000 shares of the firm’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. Over the last quarter, insiders sold 6,095,062 shares of company stock valued at $76,217,621. 20.23% of the stock is currently owned by company 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.