NuVista Energy Ltd. (TSE:NVA) Receives C$16.97 Consensus Price Target from Brokerages

NuVista Energy Ltd. (TSE:NVA) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$16.97.

A number of equities analysts have recently weighed in on the stock. National Bankshares lowered shares of NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective for the company. in a research report on Thursday, December 19th. Scotiabank boosted their price target on NuVista Energy from C$16.00 to C$17.00 in a report on Friday, January 17th. CIBC raised their price objective on NuVista Energy from C$18.00 to C$19.50 in a report on Friday, January 17th. National Bank Financial downgraded NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group increased their target price on NuVista Energy from C$14.00 to C$19.00 in a research report on Monday, December 16th.

Insiders Place Their Bets

In other news, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$13.11, for a total value of C$316,042.77. Also, Senior Officer Michael Lawford sold 17,348 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36. Insiders sold 168,764 shares of company stock worth $2,262,806 over the last three months. 20.25% of the stock is owned by insiders.

NuVista Energy Stock Performance

NuVista Energy stock opened at C$13.07 on Friday. The company has a debt-to-equity ratio of 15.03, a quick ratio of 0.78 and a current ratio of 0.90. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$14.86. The stock has a fifty day moving average of C$13.46 and a two-hundred day moving average of C$12.71. The company has a market capitalization of C$2.69 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.59 and a beta of 2.57.

NuVista Energy (TSE:NVA) last announced its earnings results on Friday, November 8th. The company reported C$0.29 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.11. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. On average, analysts anticipate that NuVista Energy will post 1.0702905 EPS for the current fiscal year.

About NuVista Energy

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen.