NuVista Energy (NVA) PT Raised to C$12.50 at CIBC

NuVista Energy (TSE:NVA) had its price objective hoisted by CIBC from C$11.50 to C$12.50 in a report issued on Friday.

A number of other analysts have also commented on the company. National Bank Financial lifted their price objective on NuVista Energy from C$9.50 to C$10.25 and gave the stock an outperform rating in a research report on Thursday, May 10th. Royal Bank of Canada lifted their price objective on NuVista Energy from C$10.00 to C$11.00 and gave the stock an outperform rating in a research report on Wednesday, May 9th. TD Securities lifted their price objective on NuVista Energy from C$9.00 to C$10.50 and gave the stock a buy rating in a research report on Wednesday, May 9th. BMO Capital Markets lifted their price objective on NuVista Energy from C$9.50 to C$11.00 and gave the stock an outperform rating in a research report on Wednesday, May 9th. Finally, Morningstar lifted their price objective on NuVista Energy from C$9.50 to C$10.25 in a research report on Wednesday, May 9th. Seven analysts have rated the stock with a buy rating, NuVista Energy currently has a consensus rating of Buy and an average target price of C$10.73.

Shares of NVA stock opened at C$9.79 on Friday. NuVista Energy has a 12 month low of C$5.91 and a 12 month high of C$9.79.

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

In other news, Director Keith A.J. Macphail sold 15,000 shares of the business’s 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.

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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