NuVista Energy Ltd. (TSE:NVA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NuVista Energy Ltd. (TSE:NVA) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$15.42.

Several research firms have recently issued reports on NVA. CIBC upped their price target on shares of NuVista Energy from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. TD Securities boosted their price objective on shares of NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Friday, June 14th. BMO Capital Markets upped their price objective on NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday. Desjardins reduced their target price on NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Stifel Nicolaus upped their price target on NuVista Energy from C$14.25 to C$14.50 in a report on Monday, March 4th.

NuVista Energy Stock Up 1.5 %

TSE:NVA opened at C$13.84 on Friday. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.00. The firm’s 50-day moving average price is C$13.10 and its 200-day moving average price is C$11.87. The company has a market capitalization of C$2.86 billion, a PE ratio of 9.48, a P/E/G ratio of 0.59 and a beta of 2.83. The company has a debt-to-equity ratio of 15.87, a current ratio of 0.78 and a quick ratio of 0.78.

NuVista Energy (TSE:NVA) last posted its quarterly earnings results 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). The company had revenue of C$309.02 million during the quarter, compared to analysts’ expectations of C$276.00 million. NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. On average, equities analysts predict that NuVista Energy will post 1.3395253 EPS for the current fiscal year.

Insider Buying and Selling at NuVista Energy

In other news, insider Paramount Resources Ltd. sold 6,000,000 shares of NuVista Energy 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. In other NuVista Energy news, insider Paramount Resources Ltd. sold 6,000,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$12.50, for a total value of C$75,000,000.00. Also, Senior Officer Kevin Garth Asman sold 3,580 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of C$13.65, for a total value of C$48,867.00. Over the last ninety days, insiders sold 6,095,062 shares of company stock valued at $76,217,621. Insiders own 20.23% 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.