NuVista Energy Ltd. (TSE:NVA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NuVista Energy Ltd. (TSE:NVA) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$15.03.

A number of brokerages have recently weighed in on NVA. Stifel Nicolaus boosted their price objective on shares of NuVista Energy from C$14.25 to C$14.50 in a report on Monday, March 4th. Desjardins cut their price objective on 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. BMO Capital Markets set a C$17.00 target price on 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. Finally, CIBC lifted their price objective on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, April 22nd.

NuVista Energy Price Performance

Shares of NVA stock opened at C$12.75 on Friday. NuVista Energy has a fifty-two week low of C$9.59 and a fifty-two week high of C$13.72. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.78 and a current ratio of 1.04. The firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.59 and a beta of 2.85. The stock’s 50-day simple moving average is C$12.11 and its 200-day simple moving average is C$11.67.

NuVista Energy (TSE:NVA) last released its earnings results on Thursday, February 29th. The company reported C$0.41 EPS 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. As a group, equities analysts forecast that NuVista Energy will post 1.5530587 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Paramount Resources Ltd. sold 6,000,000 shares of the 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. Insiders own 20.26% of the company’s stock.

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.