NuVista Energy (TSE:NVA) PT Lowered to C$14.00 at Jefferies Financial Group

NuVista Energy (TSE:NVA) had its price objective decreased by Jefferies Financial Group from C$17.00 to C$14.00 in a research report report published on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

NVA has been the topic of a number of other research reports. TD Securities increased their price target on NuVista Energy from C$15.00 to C$17.00 and gave the company a buy rating in a research note on Friday, June 14th. CIBC raised their target price on shares of NuVista Energy from C$16.50 to C$20.00 in a research note on Monday, July 15th. Scotiabank upped their price target on shares of NuVista Energy from C$15.00 to C$16.00 in a research note on Friday, July 12th. Finally, BMO Capital Markets raised their price objective on shares of NuVista Energy from C$17.00 to C$18.00 and gave the stock an outperform rating in a research report on Wednesday, June 26th. Two 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, the company presently has a consensus rating of Moderate Buy and an average price target of C$15.93.

NuVista Energy Price Performance

The company has a market cap of C$2.37 billion, a P/E ratio of 7.32, a PEG ratio of 0.59 and a beta of 2.61. The company has a 50 day moving average price of C$12.89 and a 200-day moving average price of C$12.79. NuVista Energy has a 12-month low of C$9.59 and a 12-month high of C$14.86. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03.

NuVista Energy (TSE:NVA) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.53 EPS for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.18. The business had revenue of C$323.35 million during the quarter, compared to analysts’ expectations of C$312.00 million. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. Analysts expect that NuVista Energy will post 1.0834114 earnings per share for the current year.

Insider Transactions at NuVista Energy

In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction that occurred 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. In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the firm’s 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. Also, Director Keith A.J. Macphail sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of C$14.20, for a total transaction of C$284,000.00. Over the last ninety days, insiders have sold 26,171 shares of company stock valued at $365,981. 20.25% of the stock is currently 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.