National Bank Financial Cuts NuVista Energy (NVA) Price Target to C$9.50

NuVista Energy (TSE:NVA) had its target price decreased by National Bank Financial from C$10.00 to C$9.50 in a report released on Thursday morning. National Bank Financial currently has an outperform rating on the stock.

Several other research analysts also recently commented on NVA. TD Securities decreased their price objective on NuVista Energy from C$10.50 to C$10.00 and set a buy rating on the stock in a research note on Tuesday, March 13th. Desjardins raised their price objective on NuVista Energy from C$10.75 to C$11.50 in a research note on Wednesday, February 14th. Finally, BMO Capital Markets raised NuVista Energy from a market perform rating to an outperform rating and set a C$9.50 price objective on the stock in a research note on Thursday, January 11th. Seven analysts have rated the stock with a buy rating, NuVista Energy presently has an average rating of Buy and an average price target of C$9.97.

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TSE NVA opened at C$7.80 on Thursday. NuVista Energy has a 52 week low of C$5.91 and a 52 week high of C$9.16.

NuVista Energy (TSE:NVA) last posted its quarterly earnings data on Monday, March 12th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.02. NuVista Energy had a negative return on equity of 2.12% and a negative net margin of 5.40%. The firm had revenue of C$131.01 million for the quarter, compared to the consensus estimate of C$130.80 million.

In related news, Director Keith A.J. Macphail sold 15,000 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of C$7.41, for a total transaction of C$111,150.00.

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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.

Analyst Recommendations for NuVista Energy (TSE:NVA)

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