NuVista Energy (TSE:NVA) Price Target Raised to C$15.00 at National Bankshares

NuVista Energy (TSE:NVA) had its target price hoisted by National Bankshares from C$14.00 to C$15.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts also recently issued reports on NVA. Desjardins decreased their price target 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. Raymond James decreased their price target on NuVista Energy from C$18.00 to C$14.50 and set an outperform rating for the company in a report on Friday, January 19th. BMO Capital Markets set a C$17.00 price target on NuVista Energy and gave the company an outperform rating in a report on Tuesday, April 9th. CIBC upped their target price on NuVista Energy from C$15.00 to C$15.50 and gave the stock an outperform rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group set a C$13.00 target price on NuVista Energy and gave the stock a buy rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$14.92.

NuVista Energy Trading Up 2.2 %

NuVista Energy stock opened at C$12.34 on Friday. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$13.72. The company has a market capitalization of C$2.56 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 0.59 and a beta of 2.85. The stock has a 50-day moving average price of C$11.62 and a 200 day moving average price of C$11.69. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 14.42.

NuVista Energy (TSE:NVA) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.08). NuVista Energy had a net margin of 29.12% and a return on equity of 18.16%. The company had revenue of C$365.50 million during the quarter, compared to analyst estimates of C$364.00 million. Sell-side analysts anticipate that NuVista Energy will post 1.5681818 EPS for the current year.

Insider Buying and Selling

In related news, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s stock in a transaction that occurred on 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 owned by company insiders.

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.