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

NuVista Energy Ltd. (TSE:NVA) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$15.78.

NVA has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of 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 raised their target price on shares of NuVista Energy from C$15.00 to C$16.00 in a report on Friday, July 12th. National Bankshares decreased their target price on shares of NuVista Energy from C$15.00 to C$14.50 in a report on Friday, September 27th. TD Securities decreased their target price on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Finally, Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd.

Insider Buying and Selling

In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total transaction of C$67,267.98. In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total transaction of C$67,267.98. Also, Senior Officer Michael Lawford sold 10,116 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. 20.25% of the stock is currently owned by corporate insiders.

NuVista Energy Stock Performance

NuVista Energy has a 12-month low of C$9.59 and a 12-month high of C$14.86. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. The firm’s fifty day simple moving average is C$11.83 and its 200-day simple moving average is C$12.68. The company has a market cap of C$2.26 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57.

NuVista Energy (TSE:NVA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.53 earnings per share for the quarter, beating the consensus estimate of C$0.35 by C$0.18. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. The company had revenue of C$323.35 million during the quarter, compared to analyst estimates of C$312.00 million. On average, research analysts forecast that NuVista Energy will post 1.0702905 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.