Nuvista Energy (TSE:NVA) Hits New 1-Year Low at $2.36

Shares of Nuvista Energy Ltd (TSE:NVA) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$2.36 and last traded at C$2.59, with a volume of 725043 shares changing hands. The stock had previously closed at C$2.44.

Several brokerages have recently weighed in on NVA. Royal Bank of Canada dropped their price objective on shares of Nuvista Energy from C$7.00 to C$5.00 in a report on Thursday, July 18th. Canaccord Genuity dropped their price objective on shares of Nuvista Energy from C$5.50 to C$4.00 in a report on Tuesday, July 9th. GMP Securities dropped their price objective on shares of Nuvista Energy from C$7.50 to C$6.00 in a report on Friday, June 28th. CSFB reiterated an “outperform” rating and set a C$4.00 price objective on shares of Nuvista Energy in a report on Tuesday, July 16th. Finally, CIBC dropped their price objective on shares of Nuvista Energy from C$8.00 to C$5.50 in a report on Thursday, July 18th. Seven investment analysts have rated the stock with a buy rating, Nuvista Energy has an average rating of “Buy” and an average price target of C$6.83.

The company’s fifty day moving average price is C$2.59. The company has a market cap of $576.85 million and a PE ratio of 6.77. The company has a debt-to-equity ratio of 39.99, a quick ratio of 0.52 and a current ratio of 0.90.

Nuvista Energy (TSE:NVA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.13 earnings per share for the quarter, beating the consensus estimate of C$0.09 by C$0.04. The company had revenue of C$134.06 million for the quarter, compared to analyst estimates of C$141.40 million. On average, equities research analysts expect that Nuvista Energy Ltd will post 0.39 EPS for the current year.

In related news, Senior Officer Ross Lloyd Andreachuk acquired 19,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of C$2.52 per share, for a total transaction of C$47,880.00. Following the completion of the acquisition, the insider now owns 77,193 shares of the company’s stock, valued at C$194,526.36. Insiders have bought 34,650 shares of company stock worth $100,563 in the last quarter.

Nuvista Energy Company Profile (TSE:NVA)

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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