NuVista Energy (TSE:NVA) Given New C$3.50 Price Target at Royal Bank of Canada

NuVista Energy (TSE:NVA) had its target price hoisted by Royal Bank of Canada from C$3.00 to C$3.50 in a research report sent to investors on Thursday morning, PriceTargets.com reports. The firm currently has a sector perform rating on the stock.

Several other research firms also recently weighed in on NVA. ATB Capital upped their price target on NuVista Energy from C$2.25 to C$2.50 in a research note on Wednesday, March 3rd. National Bankshares downgraded NuVista Energy from an outperform rating to a sector perform rating and set a C$3.00 target price on the stock. in a research note on Thursday, April 15th. CIBC reiterated a neutral rating and set a C$3.25 target price on shares of NuVista Energy in a research note on Wednesday, May 12th. BMO Capital Markets increased their target price on NuVista Energy from C$2.50 to C$3.50 and gave the company a na rating in a research note on Monday, March 15th. Finally, Raymond James reiterated an outperform rating and set a C$3.50 target price on shares of NuVista Energy in a research note on Wednesday, May 12th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. NuVista Energy presently has an average rating of Hold and a consensus price target of C$2.98.

NuVista Energy stock opened at C$3.03 on Thursday. The company has a debt-to-equity ratio of 54.82, a current ratio of 0.48 and a quick ratio of 0.47. The stock has a market cap of C$684.31 million and a P/E ratio of 1.13. The stock has a 50 day moving average of C$2.54. NuVista Energy has a twelve month low of C$0.61 and a twelve month high of C$3.15.

NuVista Energy (TSE:NVA) last posted its quarterly earnings results on Tuesday, May 11th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C($0.02) by C$0.09. The company had revenue of C$151.41 million during the quarter, compared to analysts’ expectations of C$120.20 million. Research analysts predict that NuVista Energy will post 0.3 earnings per share for the current fiscal year.

In other news, Senior Officer Ross Lloyd Andreachuk purchased 11,000 shares of the stock in a transaction dated Thursday, May 13th. The shares were purchased at an average cost of C$2.46 per share, with a total value of C$27,005.00. Following the acquisition, the insider now directly owns 167,272 shares of the company’s stock, valued at C$410,652.76.

NuVista Energy Company Profile

NuVista Energy Ltd., a condensate and natural gas company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.

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Analyst Recommendations for NuVista Energy (TSE:NVA)

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