NuVista Energy (TSE:NVA) PT Raised to C$15.00 at National Bankshares

NuVista Energy (TSE:NVA) had its target price raised by National Bankshares from C$14.00 to C$15.00 in a report released on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities analysts have also recently weighed in on NVA. CIBC boosted their price target on NuVista Energy from C$15.00 to C$15.50 and gave the stock an outperform rating in a report on Friday, March 1st. Raymond James lowered their price objective on NuVista Energy from C$18.00 to C$14.50 and set an outperform rating for the company in a research report on Friday, January 19th. Stifel Nicolaus lifted their price objective on NuVista Energy from C$14.25 to C$14.50 in a research report on Monday, March 4th. Jefferies Financial Group set a C$13.00 price objective on NuVista Energy and gave the company a buy rating in a research report on Tuesday, February 27th. Finally, Desjardins lowered their price objective on NuVista Energy from C$15.00 to C$14.75 and set a buy rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of C$14.92.

NuVista Energy Stock Performance

Shares of NVA stock opened at C$12.34 on Friday. NuVista Energy has a 1 year low of C$9.59 and a 1 year high of C$13.72. The stock has a market cap of C$2.56 billion, a PE ratio of 7.48, a P/E/G ratio of 0.59 and a beta of 2.85. The stock has a fifty day moving average price of C$11.62 and a 200 day moving average price of C$11.69. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.78 and a current ratio of 1.04.

NuVista Energy (TSE:NVA) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.08). NuVista Energy had a return on equity of 18.16% and a net margin of 29.12%. The company had revenue of C$365.50 million during the quarter, compared to analyst estimates of C$364.00 million. Sell-side analysts forecast that NuVista Energy will post 1.5681818 earnings per share for the current fiscal year.

Insider Buying and Selling at NuVista Energy

In other NuVista Energy news, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was 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 owned by company 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.