CIBC Increases NuVista Energy (TSE:NVA) Price Target to C$10.00

NuVista Energy (TSE:NVA) had its target price upped by analysts at CIBC from C$7.50 to C$10.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 23.92% from the stock’s previous close.

Other research analysts have also issued reports about the stock. BMO Capital Markets lifted their price objective on shares of NuVista Energy from C$7.50 to C$8.50 in a research note on Friday, November 12th. Raymond James reissued an “outperform” rating and issued a C$8.00 price target on shares of NuVista Energy in a report on Tuesday. Cormark raised their price target on shares of NuVista Energy from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday. reissued a “hold” rating on shares of NuVista Energy in a report on Thursday, September 16th. Finally, National Bank Financial lifted their price objective on shares of NuVista Energy to C$9.00 and gave the stock a “sector perform” rating in a report on Thursday, January 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, NuVista Energy currently has a consensus rating of “Hold” and an average target price of C$7.68.

Shares of NVA stock opened at C$8.07 on Thursday. The company has a 50 day moving average of C$6.92 and a 200-day moving average of C$5.25. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 46.48. NuVista Energy has a 12-month low of C$1.01 and a 12-month high of C$8.57. The firm has a market cap of C$1.83 billion and a P/E ratio of 2.15.

NuVista Energy (TSE:NVA) last issued its quarterly earnings results on Wednesday, November 10th. The company reported C$0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.16 by C$0.47. The company had revenue of C$222.60 million for the quarter. As a group, equities analysts expect that NuVista Energy will post 1.1428659 EPS for the current year.

In other news, Director Keith A.J. Macphail sold 100,000 shares of NuVista Energy stock in a transaction that occurred on Thursday, November 11th. The shares were sold at an average price of C$7.24, for a total transaction of C$724,000.00. Following the completion of the transaction, the director now directly owns 3,432,042 shares in the company, valued at C$24,847,984.08.

NuVista Energy Company Profile

NuVista Energy Ltd., a condensate and natural gas company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.

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Analyst Recommendations for NuVista Energy (TSE:NVA)

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