NuVista Energy (TSE:NVA) Announces Earnings Results, Beats Estimates By $0.28 EPS

NuVista Energy (TSE:NVAGet Rating) issued its quarterly earnings results on Wednesday. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.46 by C$0.28, reports. The company had revenue of C$463.27 million during the quarter.

NuVista Energy Stock Performance

TSE:NVA opened at C$10.49 on Friday. The company has a market capitalization of C$2.40 billion and a PE ratio of 7.39. NuVista Energy has a fifty-two week low of C$2.90 and a fifty-two week high of C$14.29. The company has a debt-to-equity ratio of 33.09, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50 day simple moving average of C$11.02 and a two-hundred day simple moving average of C$10.58.

Analyst Ratings Changes

A number of equities analysts have recently commented on NVA shares. Cormark raised their price objective on shares of NuVista Energy from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Thursday. CIBC lowered their price target on shares of NuVista Energy from C$18.00 to C$15.00 in a research report on Wednesday, July 13th. National Bankshares lowered their price target on shares of NuVista Energy from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Monday, July 18th. Scotiabank lifted their price objective on shares of NuVista Energy from C$14.50 to C$15.50 in a research note on Thursday, May 12th. Finally, Stifel Nicolaus reduced their price objective on shares of NuVista Energy from C$15.50 to C$14.75 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.39.

Insider Transactions at NuVista Energy

In related news, Senior Officer Kevin Garth Asman sold 5,000 shares of the stock in a transaction on Friday, June 17th. The stock was sold at an average price of C$11.48, for a total value of C$57,400.00. Following the transaction, the insider now directly owns 192,401 shares in the company, valued at approximately C$2,208,763.48. In related news, Senior Officer Kevin Garth Asman sold 5,000 shares of NuVista Energy stock in a transaction dated Friday, June 17th. The stock was sold at an average price of C$11.48, for a total value of C$57,400.00. Following the completion of the sale, the insider now owns 192,401 shares of the company’s stock, valued at approximately C$2,208,763.48. Also, Senior Officer Michael Lawford bought 10,000 shares of NuVista Energy stock in a transaction on Thursday, June 2nd. The shares were bought at an average cost of C$8.53 per share, with a total value of C$85,300.00. Following the acquisition, the insider now directly owns 200,325 shares in the company, valued at C$1,708,772.25. Insiders sold a total of 253,042 shares of company stock valued at $3,166,490 in the last quarter.

About NuVista Energy

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NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of 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. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

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Earnings History for NuVista Energy (TSE:NVA)

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