NuVista Energy (TSE:NVA) Price Target Raised to C$17.00 at TD Securities

NuVista Energy (TSE:NVA) had its price objective upped by TD Securities from C$15.00 to C$17.00 in a report published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on NVA. CIBC increased their price target on NuVista Energy from C$15.50 to C$16.50 and gave the stock an outperform rating in a research report on Monday, April 22nd. Jefferies Financial Group set a C$13.00 target price on NuVista Energy and gave the stock a buy rating in a report on Tuesday, February 27th. Stifel Nicolaus boosted their price target on NuVista Energy from C$14.25 to C$14.50 in a research note on Monday, March 4th. Desjardins reduced their price objective 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. Finally, National Bankshares raised their target price on shares of NuVista Energy from C$14.00 to C$15.00 and gave the company a sector perform rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NuVista Energy currently has a consensus rating of Moderate Buy and an average target price of C$15.31.

NuVista Energy Trading Down 0.1 %

Shares of NuVista Energy stock opened at C$13.40 on Friday. The company has a debt-to-equity ratio of 15.87, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50-day moving average of C$12.92 and a 200-day moving average of C$11.77. NuVista Energy has a 52-week low of C$9.59 and a 52-week high of C$14.00. The stock has a market cap of C$2.76 billion, a PE ratio of 9.18, a PEG ratio of 0.59 and a beta of 2.83.

NuVista Energy (TSE:NVA) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.14). NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. The business had revenue of C$309.02 million during the quarter, compared to analyst estimates of C$276.00 million. As a group, sell-side analysts forecast that NuVista Energy will post 1.3395253 EPS for the current year.

Insider Transactions at NuVista Energy

In related news, Senior Officer Kevin Garth Asman sold 3,580 shares of NuVista Energy stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$13.65, for a total transaction of C$48,867.00. In other NuVista Energy news, Senior Officer Jonathan Andrew Wright sold 28,946 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$12.76, for a total value of C$369,350.96. Also, Senior Officer Kevin Garth Asman sold 3,580 shares of NuVista Energy stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$13.65, for a total value of C$48,867.00. Over the last 90 days, insiders sold 6,094,560 shares of company stock valued at $76,210,753. 20.23% of the stock is currently owned by insiders.

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.