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

Shares of NuVista Energy Ltd. (TSE:NVA) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$16.97.

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

NuVista Energy Trading Up 1.4 %

TSE NVA opened at C$13.07 on Friday. The stock has a market cap of C$2.69 billion, a P/E ratio of 8.12, a PEG ratio of 0.59 and a beta of 2.57. The company’s fifty day simple moving average is C$13.46 and its 200-day simple moving average is C$12.71. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.86.

NuVista Energy (TSE:NVA) last issued its quarterly earnings data on Friday, November 8th. The company reported C$0.29 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts predict that NuVista Energy will post 1.0702905 EPS for the current fiscal year.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Michael Lawford sold 9,513 shares of NuVista Energy stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$13.00, for a total value of C$123,669.00. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total value of C$71,500.00. Insiders sold a total of 168,764 shares of company stock valued at $2,262,806 over the last 90 days. 20.25% of the stock is owned by company insiders.

NuVista Energy Company Profile

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.