Shares of NuVista Energy Ltd. (TSE:NVA – Get Free Report) have been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$15.78.
Several brokerages have weighed in on NVA. Cormark upgraded NuVista Energy to a “strong-buy” rating in a report on Monday, September 23rd. BMO Capital Markets boosted their price target on NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. National Bankshares cut their price target on NuVista Energy from C$15.00 to C$14.50 in a report on Friday, September 27th. CIBC boosted their price target on NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. Finally, TD Securities cut their price target on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st.
NuVista Energy Trading Up 0.7 %
NuVista Energy (TSE:NVA – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.35 by C$0.18. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. The firm had revenue of C$323.35 million during the quarter, compared to the consensus estimate of C$312.00 million. Sell-side analysts anticipate that NuVista Energy will post 1.0234302 EPS for the current fiscal year.
Insider Transactions at NuVista Energy
In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the 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. Insiders own 20.25% of the company’s stock.
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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