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

Shares of Nuvista Energy Ltd (TSE:NVA) have earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$6.83.

A number of equities analysts recently issued reports on the company. National Bank Financial cut their target price on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $2.50 target price on shares of in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a $7.50 target price on shares of in a report on Tuesday, July 9th. CIBC reiterated a “hold” rating and issued a $2.50 target price on shares of Advantage Oil & Gas in a report on Thursday. Finally, CSFB reiterated a “neutral” rating and issued a C$32.00 target price on shares of Vermilion Energy in a report on Tuesday.

Shares of Nuvista Energy stock traded up C$0.01 on Friday, reaching C$2.53. 728,800 shares of the company’s stock were exchanged, compared to its average volume of 1,070,332. The firm has a market cap of $570.09 million and a P/E ratio of 6.69. Nuvista Energy has a 52 week low of C$2.45 and a 52 week high of C$9.56. The business has a 50-day moving average price of C$2.65. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 39.99.

Nuvista Energy (TSE:NVA) last posted its quarterly 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. Sell-side analysts forecast that Nuvista Energy will post 0.39 earnings per share for the current fiscal year.

In other news, Senior Officer Ross Lloyd Andreachuk bought 19,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of C$2.52 per share, for a total transaction of C$47,880.00. Following the acquisition, the insider now directly owns 77,193 shares in the company, valued at C$194,526.36. Over the last quarter, insiders purchased 34,650 shares of company stock worth $100,563.

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.

See Also: Gross Domestic Product (GDP)

Analyst Recommendations for Nuvista Energy (TSE:NVA)

Receive News & Ratings for Nuvista Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuvista Energy and related companies with MarketBeat.com's FREE daily email newsletter.