NuVista Energy (TSE:NVA) Price Target Raised to C$16.50

NuVista Energy (TSE:NVAFree Report) had its price objective increased by CIBC from C$15.50 to C$16.50 in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Raymond James reduced their price objective on NuVista Energy from C$18.00 to C$14.50 and set an outperform rating on the stock in a research report on Friday, January 19th. BMO Capital Markets set a C$17.00 price objective on NuVista Energy and gave the company an outperform rating in a research report on Tuesday, April 9th. Jefferies Financial Group set a C$13.00 price objective on NuVista Energy and gave the company a buy rating in a research report on Tuesday, February 27th. Stifel Nicolaus increased their price objective on NuVista Energy from C$14.25 to C$14.50 in a research report on Monday, March 4th. Finally, Desjardins dropped their target price on NuVista Energy from C$15.00 to C$14.75 and set a buy rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, NuVista Energy presently has a consensus rating of Moderate Buy and a consensus price target of C$15.03.

View Our Latest Stock Report on NuVista Energy

NuVista Energy Price Performance

Shares of NuVista Energy stock opened at C$12.83 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 14.42. The firm has a market capitalization of C$2.66 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.59 and a beta of 2.85. The business’s 50-day moving average price is C$11.71 and its 200-day moving average price is C$11.68. NuVista Energy has a 12 month low of C$9.59 and a 12 month high of C$13.72.

NuVista Energy (TSE:NVAGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.41 EPS for the quarter, missing the consensus estimate of C$0.49 by C($0.08). The firm had revenue of C$365.50 million for the quarter, compared to the consensus estimate of C$364.00 million. NuVista Energy had a net margin of 29.12% and a return on equity of 18.16%. Sell-side analysts forecast that NuVista Energy will post 1.5681818 EPS for the current fiscal year.

Insider Activity at NuVista Energy

In related news, insider Paramount Resources Ltd. sold 6,000,000 shares of the stock in a transaction dated 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. 22.89% of the stock is currently owned by company insiders.

NuVista Energy Company Profile

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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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