Nuvista Energy Ltd (TSE:NVA) Receives Consensus Rating of “Buy” from Analysts

Shares of Nuvista Energy Ltd (TSE:NVA) have earned an average recommendation of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is C$7.13.

NVA has been the subject of several research reports. National Bank Financial decreased their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Raymond James set a $31.00 price target on shares of Mylan and gave the stock a “buy” rating in a research note on Wednesday, May 8th. CIBC cut their price objective on WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. BMO Capital Markets reissued a “buy” rating and issued a $50.00 price objective on shares of Fortis in a report on Tuesday, April 16th. Finally, GMP Securities reissued a “buy” rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th.

TSE NVA traded down C$0.12 during trading hours on Friday, reaching C$2.51. 943,262 shares of the company’s stock were exchanged, compared to its average volume of 1,069,629. The business’s 50-day moving average price is C$2.68. Nuvista Energy has a one year low of C$2.45 and a one year high of C$9.56. The company has a debt-to-equity ratio of 39.99, a current ratio of 0.90 and a quick ratio of 0.52. The firm has a market capitalization of $592.63 million and a P/E ratio of 6.68.

Nuvista Energy (TSE:NVA) last posted its earnings results on Tuesday, May 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.09 by C$0.04. The business had revenue of C$134.06 million for the quarter, compared to the consensus estimate of C$141.40 million. Analysts predict that Nuvista Energy will post 0.39 EPS for the current year.

In other Nuvista Energy news, Senior Officer Ross Lloyd Andreachuk purchased 19,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was acquired at an average price of C$2.52 per share, with a total value of C$47,880.00. Following the acquisition, the insider now directly owns 77,193 shares of the company’s stock, valued at approximately C$194,526.36. Insiders have acquired a total of 34,650 shares of company stock valued at $100,563 in the last ninety days.

Nuvista Energy Company Profile

NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and 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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