NuVista Energy (TSE:NVA) Sets New 12-Month High on Analyst Upgrade

NuVista Energy Ltd. (TSE:NVA) shares reached a new 52-week high on Thursday after BMO Capital Markets raised their price target on the stock from C$17.00 to C$18.00. BMO Capital Markets currently has an outperform rating on the stock. NuVista Energy traded as high as C$14.02 and last traded at C$13.95, with a volume of 27599 shares. The stock had previously closed at C$13.84.

A number of other research firms have also issued reports on NVA. CIBC increased their target price on NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday, April 22nd. Jefferies Financial Group set a C$13.00 target price on NuVista Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. TD Securities lifted their price target on shares of NuVista Energy from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Desjardins dropped their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Stifel Nicolaus raised their price objective on shares of NuVista Energy from C$14.25 to C$14.50 in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NuVista Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$15.42.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Kevin Garth Asman sold 3,580 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of C$13.65, for a total transaction of C$48,867.00. In other NuVista Energy news, Senior Officer Kevin Garth Asman sold 3,580 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of C$13.65, for a total transaction of C$48,867.00. Also, Senior Officer Ryan Daniel Paulgaard sold 12,034 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$12.80, for a total value of C$154,035.20. Insiders sold a total of 6,095,062 shares of company stock valued at $76,217,621 in the last quarter. 20.23% of the stock is currently owned by insiders.

NuVista Energy Stock Up 0.9 %

The company has a debt-to-equity ratio of 15.87, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of C$2.88 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.59 and a beta of 2.83. The firm has a 50-day simple moving average of C$13.10 and a 200 day simple moving average of C$11.87.

NuVista Energy (TSE:NVA) last posted its earnings results on Tuesday, May 7th. The company reported C$0.17 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.14). NuVista Energy had a net margin of 26.88% and a return on equity of 15.57%. The firm had revenue of C$309.02 million during the quarter, compared to the consensus estimate of C$276.00 million. On average, equities research analysts forecast that NuVista Energy Ltd. will post 1.3395253 EPS for the current year.

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.