NuVista Energy (TSE:NVA – Get Free Report) had its price objective dropped by stock analysts at TD Securities from C$17.00 to C$16.00 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ target price points to a potential upside of 41.47% from the company’s previous close.
Several other research firms also recently commented on NVA. CIBC upped their price objective on NuVista Energy from C$16.50 to C$20.00 in a research note on Monday, July 15th. National Bankshares reduced their price objective on NuVista Energy from C$15.00 to C$14.50 in a research note on Friday. Jefferies Financial Group reduced their price target on NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, September 16th. Scotiabank lifted their price target on NuVista Energy from C$15.00 to C$16.00 in a research note on Friday, July 12th. Finally, Cormark upgraded NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NuVista Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$15.78.
Read Our Latest Stock Report on NuVista Energy
NuVista Energy Stock Performance
NuVista Energy (TSE:NVA – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.53 EPS for the quarter, beating the consensus estimate of C$0.35 by C$0.18. The firm had revenue of C$323.35 million during the quarter, compared to the consensus estimate of C$312.00 million. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. On average, research analysts anticipate that NuVista Energy will post 1.0234302 EPS for the current year.
Insiders Place Their Bets
In other news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total value of C$67,267.98. 20.25% of the stock is 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.
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