NuVista Energy (TSE:NVA) Price Target Cut to C$14.00

NuVista Energy (TSE:NVA) had its price target decreased by Jefferies Financial Group from C$17.00 to C$14.00 in a research report released on Monday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

NVA has been the subject of a number of other reports. Scotiabank increased their price target on NuVista Energy from C$15.00 to C$16.00 in a research report on Friday, July 12th. CIBC increased their price target on NuVista Energy from C$16.50 to C$20.00 in a research note on Monday, July 15th. TD Securities increased their price target on NuVista Energy from C$15.00 to C$17.00 and gave the stock a buy rating in a research note on Friday, June 14th. Finally, BMO Capital Markets raised their target price on NuVista Energy from C$17.00 to C$18.00 and gave the stock an outperform rating in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$15.93.

NuVista Energy Stock Up 1.4 %

NVA stock opened at C$11.65 on Monday. The company has a market cap of C$2.40 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.59 and a beta of 2.61. The business has a 50-day simple moving average of C$12.86 and a 200 day simple moving average of C$12.79. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.86. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03.

NuVista Energy (TSE:NVA) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.35 by C$0.18. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. The company had revenue of C$323.35 million during the quarter, compared to the consensus estimate of C$312.00 million. Sell-side analysts anticipate that NuVista Energy will post 1.0834114 EPS for the current fiscal year.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total value of C$67,267.98. In other news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total value of C$67,267.98. Also, Director Keith A.J. Macphail sold 20,000 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of C$14.20, for a total value of C$284,000.00. Over the last three months, insiders have sold 26,171 shares of company stock valued at $365,981. 20.25% of the stock is currently owned by corporate 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.