Nuvista Energy Ltd (NVA) to Post Q3 2017 Earnings of $0.05 Per Share, Cormark Forecasts
Nuvista Energy Ltd (TSE:NVA) – Investment analysts at Cormark decreased their Q3 2017 earnings per share estimates for shares of Nuvista Energy in a report released on Tuesday. Cormark analyst A. Arif now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.08. Cormark also issued estimates for Nuvista Energy’s FY2017 earnings at $0.53 EPS, FY2018 earnings at $0.46 EPS, FY2019 earnings at $0.56 EPS, FY2020 earnings at $0.64 EPS and FY2021 earnings at $0.78 EPS.
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Several other equities analysts have also weighed in on NVA. National Bank Financial lifted their target price on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the company an “outperform” rating in a report on Wednesday, August 9th. TD Securities lifted their target price on shares of Nuvista Energy from C$8.00 to C$8.50 and gave the company a “buy” rating in a report on Thursday, August 10th. Raymond James Financial, Inc. cut their target price on shares of Nuvista Energy from C$9.25 to C$8.50 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Eight Capital reaffirmed a “neutral” rating and set a C$9.00 target price on shares of Nuvista Energy in a report on Wednesday, September 27th. Finally, CSFB lifted their target price on shares of Nuvista Energy from C$8.00 to C$9.75 and gave the company an “outperform” rating in a report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$8.71.
Nuvista Energy (NVA) opened at 7.46 on Thursday. The company has a market capitalization of $1.29 billion and a price-to-earnings ratio of 18.65. The firm has a 50 day moving average of $7.02 and a 200-day moving average of $6.61. Nuvista Energy has a 52-week low of $5.33 and a 52-week high of $8.02.
In related news, Director Keith A.J. Macphail sold 64,500 shares of Nuvista Energy stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of C$6.31, for a total value of C$406,995.00.
About Nuvista Energy
NuVista Energy Ltd. (NuVista) is an exploration and production company, which is engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company’s primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney).
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