Shares of NuVista Energy Ltd. (TSE:NVA – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$15.03.
NVA has been the topic of several recent research reports. BMO Capital Markets set a C$17.00 price objective on shares of NuVista Energy and gave the company an “outperform” rating in a report on Tuesday, April 9th. Stifel Nicolaus lifted their price objective on NuVista Energy from C$14.25 to C$14.50 in a research note on Monday, March 4th. 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. Raymond James reduced their price target on NuVista Energy from C$18.00 to C$14.50 and set an “outperform” rating for the company in a research report on Friday, January 19th. Finally, Desjardins decreased their price target on NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating for the company in a report on Friday, March 22nd.
NuVista Energy Trading Up 1.3 %
NuVista Energy (TSE:NVA – Get Free Report) 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). NuVista Energy had a return on equity of 18.16% and a net margin of 29.12%. The business had revenue of C$365.50 million during the quarter, compared to analyst estimates of C$364.00 million. As a group, sell-side analysts anticipate that NuVista Energy will post 1.5530587 earnings per share for the current fiscal year.
Insider Activity
In other NuVista Energy news, insider Paramount Resources Ltd. sold 6,000,000 shares of NuVista Energy stock in a transaction on 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. Corporate insiders own 20.26% of the company’s stock.
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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