NuVista Energy (TSE:NVA – Get Free Report) had its target price upped by equities researchers at National Bankshares from C$14.00 to C$15.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 20.97% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group set a C$13.00 price objective on shares of NuVista Energy and gave the company a “buy” rating in a report on Tuesday, February 27th. Desjardins decreased their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Raymond James cut 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 note on Friday, January 19th. CIBC increased their target price on NuVista Energy from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, BMO Capital Markets set a C$17.00 price target on NuVista Energy and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NuVista Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$14.92.
View Our Latest Research Report on NuVista Energy
NuVista Energy Price Performance
NuVista Energy (TSE:NVA – Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of C$365.50 million for the quarter, compared to analyst estimates of C$364.00 million. As a group, analysts predict that NuVista Energy will post 1.5681818 earnings per share for the current year.
Insider Activity
In related news, insider Paramount Resources Ltd. sold 6,000,000 shares of the stock in a transaction that occurred 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. Corporate insiders own 22.89% of the company’s stock.
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.
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