NuVista Energy (TSE:NVA) Hits New 12-Month High on Analyst Upgrade

NuVista Energy Ltd. (TSE:NVA) hit a new 52-week high during mid-day trading on Thursday after BMO Capital Markets raised their price target on the stock from C$17.00 to C$18.00. BMO Capital Markets currently has an outperform rating on the stock. NuVista Energy traded as high as C$14.02 and last traded at C$13.95, with a volume of 27599 shares trading hands. The stock had previously closed at C$13.84.

A number of other analysts have also recently commented on the company. Desjardins dropped their price target on 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. Stifel Nicolaus increased their target price on NuVista Energy from C$14.25 to C$14.50 in a research note on Monday, March 4th. Jefferies Financial Group set a C$13.00 price target on NuVista Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. CIBC increased their price objective on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, National Bankshares upped 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. Two 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, the company presently has an average rating of “Moderate Buy” and an average price target of C$15.42.

Insider Buying and Selling

In other NuVista Energy news, Senior Officer Kevin Garth Asman sold 3,580 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of C$13.65, for a total value of C$48,867.00. In other NuVista Energy news, Senior Officer Kevin Garth Asman sold 3,580 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$13.65, for a total value of C$48,867.00. Also, insider Paramount Resources Ltd. sold 6,000,000 shares of NuVista Energy stock in a transaction 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. Insiders sold 6,095,062 shares of company stock valued at $76,217,621 over the last 90 days. Company insiders own 20.23% of the company’s stock.

NuVista Energy Stock Up 2.2 %

The company’s 50-day moving average price is C$13.14 and its 200 day moving average price is C$11.89. The stock has a market capitalization of C$2.92 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.59 and a beta of 2.83. 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 (TSE:NVA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.17 earnings per share 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 business had revenue of C$309.02 million during the quarter, compared to the consensus estimate of C$276.00 million. As a group, equities analysts expect that NuVista Energy Ltd. will post 1.3395253 earnings per share for the current year.

NuVista Energy Company Profile

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.