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

NuVista Energy (TSE:NVA - Get Free Report) had its price objective dropped by equities research analysts at TD Securities from C$17.00 to C$16.00 in a report released on Tuesday, BayStreet.CA reports. TD Securities' target price points to a potential upside of 40.85% from the stock's current price.

A number of other research firms have also recently weighed in on NVA. National Bankshares dropped their price objective on shares of NuVista Energy from C$15.00 to C$14.50 in a report on Friday. Scotiabank lifted their price target on NuVista Energy from C$15.00 to C$16.00 in a report on Friday, July 12th. CIBC boosted their price objective on NuVista Energy from C$16.50 to C$20.00 in a research report on Monday, July 15th. Jefferies Financial Group lowered their target price on NuVista Energy from C$17.00 to C$14.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. Finally, Cormark upgraded NuVista Energy to a "strong-buy" rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, NuVista Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.78.

NuVista Energy Stock Performance

TSE NVA traded up C$0.24 during trading hours on Tuesday, reaching C$11.36. The company's stock had a trading volume of 954,108 shares, compared to its average volume of 575,748. 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 business has a 50-day simple moving average of C$12.44 and a 200 day simple moving average of C$12.76. NuVista Energy has a 52 week low of C$9.59 and a 52 week high of C$14.86. The stock has a market cap of C$2.34 billion, a PE ratio of 7.09, a PEG ratio of 0.59 and a beta of 2.61.

NuVista Energy (TSE:NVA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.35 by C$0.18. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. The business had revenue of C$323.35 million during the quarter, compared to analyst estimates of C$312.00 million. Equities research analysts predict that NuVista Energy will post 1.0234302 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$13.26, for a total transaction of C$67,267.98. 20.25% of the stock is owned by company insiders.

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.