NuVista Energy (TSE:NVA – Free Report) had its target price upped by CIBC from C$15.50 to C$16.50 in a report issued on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
NVA has been the topic of several other reports. Stifel Nicolaus lifted their price target on shares of NuVista Energy from C$14.25 to C$14.50 in a report on Monday, March 4th. BMO Capital Markets set a C$17.00 price target on shares of NuVista Energy and gave the stock an outperform rating in a report on Tuesday, April 9th. Raymond James cut their price target on shares of NuVista Energy from C$18.00 to C$14.50 and set an outperform rating on the stock in a report on Friday, January 19th. Jefferies Financial Group set a C$13.00 price target on shares of NuVista Energy and gave the stock a buy rating in a report on Tuesday, February 27th. Finally, Desjardins cut 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 report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NuVista Energy presently has an average rating of Moderate Buy and a consensus target price of C$15.03.
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NuVista Energy Stock Performance
NuVista Energy (TSE:NVA – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.49 by C($0.08). The business had revenue of C$365.50 million for the quarter, compared to analysts’ expectations of C$364.00 million. NuVista Energy had a net margin of 29.12% and a return on equity of 18.16%. As a group, equities analysts forecast that NuVista Energy will post 1.5681818 earnings per share for the current year.
Insider Activity at NuVista Energy
In related news, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$12.50, for a total transaction of C$75,000,000.00. 22.89% of the stock is currently owned by insiders.
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.
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