NuVista Energy (TSE:NVA) PT Raised to C$16.50 at CIBC

NuVista Energy (TSE:NVA) had its price target hoisted by analysts at CIBC from C$15.50 to C$16.50 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 29.82% from the company’s previous close.

A number of other equities research analysts have also recently commented on NVA. Raymond James cut their target price on NuVista Energy from C$18.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. BMO Capital Markets set a C$17.00 target price on NuVista Energy and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. National Bankshares increased their target price on NuVista Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. Stifel Nicolaus increased their target price on NuVista Energy from C$14.25 to C$14.50 in a research note on Monday, March 4th. 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NuVista Energy has a consensus rating of “Moderate Buy” and an average price target of C$15.03.

NuVista Energy Price Performance

Shares of NVA stock opened at C$12.71 on Monday. The stock has a market cap of C$2.64 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.59 and a beta of 2.85. The business’s fifty day moving average is C$11.66 and its 200 day moving average is C$11.68. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$13.72. 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 issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share for the quarter, missing the consensus estimate of C$0.49 by C($0.08). The firm had revenue of C$365.50 million during the quarter, compared to analysts’ expectations of C$364.00 million. NuVista Energy had a return on equity of 18.16% and a net margin of 29.12%. Research analysts expect that NuVista Energy will post 1.5681818 EPS for the current fiscal year.

Insider Activity at NuVista Energy

In other NuVista Energy 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 value of C$75,000,000.00. 22.89% of the stock is currently owned by 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.