Raymond James Reiterates “Outperform” Rating for NuVista Energy (TSE:NVA)

Raymond James reaffirmed their outperform rating on shares of NuVista Energy (TSE:NVA) in a research note published on Wednesday, Analyst Price Targets reports. The firm currently has a C$3.50 price target on the stock.

Several other research analysts have also commented on NVA. Royal Bank of Canada raised their price target on NuVista Energy from C$2.25 to C$3.00 and gave the stock a sector perform rating in a research report on Friday, March 5th. Scotiabank increased their price objective on NuVista Energy from C$2.20 to C$2.75 in a research note on Thursday, April 15th. ATB Capital increased their price objective on NuVista Energy from C$2.25 to C$2.50 in a research note on Wednesday, March 3rd. National Bank Financial cut NuVista Energy to a sector perform rating and set a C$3.00 price objective on the stock. in a research note on Thursday, April 15th. Finally, TD Securities increased their price objective on NuVista Energy from C$2.00 to C$2.50 and gave the company a hold rating in a research note on Thursday, March 4th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$2.93.

Shares of NuVista Energy stock opened at C$2.60 on Wednesday. The firm has a market capitalization of C$587.19 million and a price-to-earnings ratio of -2.95. NuVista Energy has a fifty-two week low of C$0.61 and a fifty-two week high of C$2.75. The company has a debt-to-equity ratio of 61.06, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50 day moving average of C$2.34 and a 200 day moving average of C$1.57.

NuVista Energy (TSE:NVA) last released its quarterly earnings results on Tuesday, March 2nd. The company reported C$0.66 EPS for the quarter. The firm had revenue of C$124.38 million for the quarter, compared to analysts’ expectations of C$133.10 million. Analysts forecast that NuVista Energy will post 0.31 EPS for the current year.

In other NuVista Energy news, Senior Officer Ross Lloyd Andreachuk purchased 11,000 shares of the business’s stock in a transaction on Thursday, May 13th. The shares were bought at an average cost of C$2.46 per share, for a total transaction of C$27,005.00. Following the completion of the purchase, the insider now directly owns 167,272 shares in the company, valued at C$410,652.76.

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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