NuVista Energy (TSE:NVA – Free Report) had its price target increased by CIBC from C$15.50 to C$16.50 in a research report released on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other research analysts have also commented on NVA. Jefferies Financial Group set a C$13.00 price objective on NuVista Energy and gave the company a buy rating in a report on Tuesday, February 27th. Stifel Nicolaus upped their price objective on NuVista Energy from C$14.25 to C$14.50 in a report on Monday, March 4th. Desjardins decreased their price objective on NuVista Energy from C$15.00 to C$14.75 and set a buy rating on the stock in a report on Friday, March 22nd. BMO Capital Markets set a C$17.00 price objective on NuVista Energy and gave the company an outperform rating in a report on Tuesday, April 9th. Finally, Raymond James decreased their price objective on NuVista Energy from C$18.00 to C$14.50 and set an outperform rating on the stock in a report on Friday, January 19th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$15.03.
Read Our Latest Analysis on NVA
NuVista Energy Trading Up 0.9 %
NuVista Energy (TSE:NVA – Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.08). The business had revenue of C$365.50 million for the quarter, compared to analyst estimates of C$364.00 million. NuVista Energy had a return on equity of 18.16% and a net margin of 29.12%. Equities research analysts predict that NuVista Energy will post 1.5681818 earnings per share for the current fiscal year.
Insider Transactions at NuVista Energy
In other news, insider Paramount Resources Ltd. sold 6,000,000 shares of the stock in a transaction 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 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.
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