NuVista Energy (TSE:NVA) PT Lowered to C$16.00

NuVista Energy (TSE:NVA) had its price target lowered by TD Securities from C$17.00 to C$16.00 in a research note published on Tuesday morning, BayStreet.CA reports.

NVA has been the subject of a number of other research reports. Cormark upgraded shares of NuVista Energy to a strong-buy rating in a research report on Monday, September 23rd. National Bankshares dropped their target price on shares of NuVista Energy from C$15.00 to C$14.50 in a research report on Friday, September 27th. CIBC increased their target price on shares of NuVista Energy from C$16.50 to C$20.00 in a research report on Monday, July 15th. Scotiabank increased their target price on shares of NuVista Energy from C$15.00 to C$16.00 in a research report on Friday, July 12th. Finally, Jefferies Financial Group dropped their target price on shares of NuVista Energy from C$17.00 to C$14.00 and set a buy rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$15.78.

NuVista Energy Stock Performance

NuVista Energy has a one year low of C$9.59 and a one year high of C$14.86. The firm has a market cap of C$2.36 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 0.59 and a beta of 2.61. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 15.03. The firm has a 50-day simple moving average of C$12.31 and a two-hundred day simple moving average of C$12.76.

NuVista Energy (TSE:NVA) last announced its earnings results on Thursday, August 8th. The company reported C$0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.18. The business had revenue of C$323.35 million during the quarter, compared to analysts’ expectations of C$312.00 million. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. On average, sell-side analysts predict that NuVista Energy will post 1.0234302 earnings per share for the current year.

Insiders Place Their Bets

In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total transaction of C$67,267.98. Insiders own 20.25% 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.