NuVista Energy (TSE:NVA – Free Report) had its price objective hoisted by BMO Capital Markets from C$17.00 to C$18.00 in a research note released on Wednesday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.
A number of other research analysts have also weighed in on NVA. National Bankshares raised their price objective on shares of NuVista Energy from C$14.00 to C$15.00 and gave the company a sector perform rating in a research note on Friday, April 19th. Stifel Nicolaus raised their price objective on shares of NuVista Energy from C$14.25 to C$14.50 in a research note on Monday, March 4th. TD Securities raised their price objective on shares of NuVista Energy from C$15.00 to C$17.00 and gave the company a buy rating in a research note on Friday, June 14th. Desjardins dropped 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, CIBC raised their price objective on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an outperform rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, NuVista Energy has a consensus rating of Moderate Buy and an average target price of C$15.42.
Get Our Latest Analysis on NVA
NuVista Energy Trading Up 0.5 %
NuVista Energy (TSE:NVA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.14). The company had revenue of C$309.02 million during the quarter, compared to analyst estimates of C$276.00 million. NuVista Energy had a return on equity of 15.57% and a net margin of 26.88%. Analysts expect that NuVista Energy will post 1.3395253 EPS for the current fiscal year.
Insider Activity at NuVista Energy
In related news, Senior Officer Kevin Garth Asman sold 3,580 shares of the firm’s stock in a transaction dated 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 Kevin Garth Asman sold 3,580 shares of the business’s 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. Also, insider Paramount Resources Ltd. sold 6,000,000 shares of the business’s stock in a transaction dated 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. Insiders have sold 6,096,160 shares of company stock valued at $76,232,334 over the last ninety days. Corporate 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.
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