Nuvista Energy Ltd (NVA) Receives C$11.55 Consensus PT from Analysts
Shares of Nuvista Energy Ltd (TSE:NVA) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$11.55.
A number of brokerages recently weighed in on NVA. TD Securities lowered their target price on shares of Nuvista Energy from C$11.50 to C$10.00 and set a “buy” rating on the stock in a report on Wednesday, September 5th. BMO Capital Markets lowered their target price on shares of Nuvista Energy from C$11.50 to C$10.00 in a report on Friday, August 31st. Raymond James lowered their target price on shares of Nuvista Energy from C$14.50 to C$13.75 and set a “strong-buy” rating on the stock in a report on Friday, August 31st. Industrial Alliance Securities boosted their target price on shares of Nuvista Energy from C$11.00 to C$12.00 in a report on Thursday, August 9th. Finally, National Bank Financial upgraded shares of Nuvista Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$11.00 to C$12.00 in a report on Wednesday, August 8th.
In related news, insider Michael Lawford acquired 5,330 shares of the firm’s stock in a transaction on Tuesday, October 2nd. The shares were purchased at an average cost of C$7.51 per share, for a total transaction of C$40,028.30. Also, insider Douglas Christopher Mcdavid sold 6,600 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$7.44, for a total transaction of C$49,104.00. Over the last 90 days, insiders have purchased 14,530 shares of company stock worth $94,247.
Nuvista Energy (TSE:NVA) last issued its earnings results on Tuesday, August 7th. The company reported C$0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.12 by C$0.06. The firm had revenue of C$137.13 million for the quarter, compared to analyst estimates of C$115.90 million. Equities analysts forecast that Nuvista Energy will post 0.540000041287729 earnings per share for the current fiscal year.
Nuvista Energy Company Profile
NuVista Energy Ltd., an exploration and production company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.
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