NuVista Energy Ltd. (TSE:NVA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$15.78.

Several research analysts have issued reports on the stock. TD Securities lowered their price target on shares of NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. Scotiabank lifted their price objective on shares of NuVista Energy from C$15.00 to C$16.00 in a research note on Friday, July 12th. Cormark upgraded shares of NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. National Bankshares decreased their price target on shares of NuVista Energy from C$15.00 to C$14.50 in a research note on Friday, September 27th. Finally, Jefferies Financial Group decreased their price target on shares of NuVista Energy from C$17.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, September 16th.

NuVista Energy Stock Down 0.4 %

TSE:NVA opened at C$11.18 on Friday. The company has a debt-to-equity ratio of 15.03, a current ratio of 0.90 and a quick ratio of 0.78. NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86. The firm’s 50 day simple moving average is C$11.67 and its 200 day simple moving average is C$12.66. The company has a market cap of C$2.30 billion, a PE ratio of 6.93, a P/E/G ratio of 0.59 and a beta of 2.57.

NuVista Energy (TSE:NVA) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.35 by C$0.18. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. The firm had revenue of C$323.35 million during the quarter, compared to analyst estimates of C$312.00 million. On average, research analysts anticipate that NuVista Energy will post 1.0702905 earnings per share for the current year.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Michael Lawford sold 10,116 shares of NuVista Energy stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$11.61, for a total transaction of C$117,446.76. In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total value of C$67,267.98. Also, Senior Officer Michael Lawford sold 10,116 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of C$11.61, for a total transaction of C$117,446.76. Insiders own 20.25% of the company’s stock.

NuVista Energy Company Profile

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.