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

NuVista Energy Ltd. (TSE:NVA) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$16.97.

Several brokerages have weighed in on NVA. National Bank Financial lowered NuVista Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Scotiabank upped their target price on NuVista Energy from C$16.00 to C$17.00 in a research report on Friday, January 17th. CIBC upped their target price on NuVista Energy from C$18.00 to C$19.50 in a research report on Friday, January 17th. BMO Capital Markets increased their price objective on NuVista Energy from C$18.00 to C$19.00 in a report on Friday, December 13th. Finally, Jefferies Financial Group increased their price objective on NuVista Energy from C$14.00 to C$19.00 in a report on Monday, December 16th.

Insider Activity at NuVista Energy

In other NuVista Energy news, Senior Officer Michael Lawford sold 17,348 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$12.57, for a total value of C$218,064.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 24,107 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$13.11, for a total value of C$316,042.77. Insiders sold a total of 168,764 shares of company stock worth $2,262,806 in the last 90 days. 20.25% of the stock is owned by company insiders.

NuVista Energy Stock Down 2.5 %

TSE:NVA opened at C$13.01 on Friday. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.59 and a beta of 2.57. NuVista Energy has a 1-year low of C$9.59 and a 1-year high of C$14.86. 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’s fifty day moving average price is C$13.49 and its 200 day moving average price is C$12.72.

NuVista Energy (TSE:NVA) last posted its quarterly earnings results on Friday, November 8th. The company reported C$0.29 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.11. NuVista Energy had a return on equity of 16.18% and a net margin of 28.29%. On average, sell-side analysts forecast that NuVista Energy will post 1.0702905 earnings per share for the current fiscal year.

About NuVista Energy

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen.