Nuvista Energy (NVA) Price Target Lowered to C$8.00 at TD Securities

Nuvista Energy (TSE:NVA) had its price target cut by TD Securities from C$8.50 to C$8.00 in a report issued on Friday. They currently have a buy rating on the stock.

NVA has been the topic of a number of other reports. BMO Capital Markets lowered their price target on Nuvista Energy from C$10.00 to C$8.00 in a report on Tuesday, November 13th. Royal Bank of Canada decreased their price objective on Nuvista Energy from C$11.00 to C$9.00 and set an outperform rating on the stock in a report on Tuesday, November 13th. CIBC decreased their price objective on Nuvista Energy from C$10.50 to C$9.50 in a report on Thursday, November 22nd. National Bank Financial decreased their price objective on Nuvista Energy from C$11.50 to C$8.00 in a report on Monday, December 10th. Finally, GMP Securities decreased their price objective on Nuvista Energy from C$9.75 to C$7.50 in a report on Thursday, December 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Nuvista Energy presently has a consensus rating of Buy and a consensus target price of C$8.56.

TSE NVA traded up C$0.05 during trading hours on Friday, reaching C$3.80. The company’s stock had a trading volume of 998,500 shares, compared to its average volume of 1,136,715. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 37.98. Nuvista Energy has a 1 year low of C$3.38 and a 1 year high of C$9.89. The stock has a market cap of $855.54 million and a PE ratio of 10.11.

Nuvista Energy (TSE:NVA) last posted its quarterly earnings results on Monday, November 12th. The company reported C$0.38 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.18 by C$0.20. The business had revenue of C$150.96 million during the quarter, compared to analysts’ expectations of C$138.50 million. On average, analysts forecast that Nuvista Energy will post 0.579999976800001 EPS for the current fiscal year.

In other Nuvista Energy news, insider Ross Lloyd Andreachuk acquired 8,500 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were bought at an average price of C$3.45 per share, with a total value of C$29,325.00. Also, insider Jonathan Andrew Wright acquired 85,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of C$4.48 per share, for a total transaction of C$380,800.00. In the last three months, insiders have bought 380,800 shares of company stock worth $1,419,563.

Nuvista Energy Company Profile

NuVista Energy Ltd., an exploration and production company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.

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Analyst Recommendations for Nuvista Energy (TSE:NVA)

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