Nuvista Energy Ltd (NVA) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Nuvista Energy Ltd (TSE:NVA) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$11.44.

A number of equities analysts have recently commented on the stock. Raymond James lifted their price target on shares of Nuvista Energy from C$13.50 to C$14.50 and gave the stock a “strong-buy” rating in a report on Wednesday, August 8th. Industrial Alliance Securities lifted their price target on shares of Nuvista Energy from C$11.00 to C$12.00 in a report on Thursday, August 9th. TD Securities cut their price target on shares of Nuvista Energy from C$11.50 to C$10.00 and set a “buy” rating on the stock in a report on Wednesday, September 5th. National Bank Financial upgraded shares of Nuvista Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$11.00 to C$12.00 in a report on Wednesday, August 8th. Finally, CSFB lifted their price target on shares of Nuvista Energy from C$11.50 to C$13.00 in a report on Wednesday, July 11th.

Shares of TSE NVA traded down C$0.17 during midday trading on Friday, reaching C$7.18. 911,000 shares of the company were exchanged, compared to its average volume of 565,863. Nuvista Energy has a one year low of C$6.69 and a one year high of C$9.89.



Nuvista Energy (TSE:NVA) last posted its earnings results on Tuesday, August 7th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.06. The firm had revenue of C$137.13 million for the quarter, compared to analysts’ expectations of C$115.90 million. Nuvista Energy had a negative net margin of 5.40% and a negative return on equity of 2.12%.

In other news, insider Jonathan Andrew Wright bought 4,650 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were acquired at an average price of C$7.68 per share, for a total transaction of C$35,712.00. Also, insider Douglas Christopher Mcdavid sold 6,600 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$7.44, for a total transaction of C$49,104.00. In the last quarter, insiders have bought 8,000 shares of company stock worth $45,567.

About Nuvista Energy

NuVista Energy Ltd., an exploration and production company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. 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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