Nuvista Energy (TSE:NVA) had its target price dropped by equities research analysts at BMO Capital Markets from C$5.50 to C$4.00 in a research note issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 95.12% from the stock’s current price.
A number of other research firms have also issued reports on NVA. Royal Bank of Canada decreased their target price on Nuvista Energy from C$7.00 to C$5.00 in a report on Thursday, July 18th. CIBC decreased their target price on Nuvista Energy from C$5.50 to C$5.25 in a report on Thursday. National Bank Financial decreased their target price on Nuvista Energy from C$7.25 to C$6.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Eight Capital decreased their target price on Nuvista Energy from C$8.50 to C$6.00 in a report on Thursday. Finally, GMP Securities decreased their target price on Nuvista Energy from C$7.50 to C$6.00 in a report on Friday, June 28th. Seven investment analysts have rated the stock with a buy rating, Nuvista Energy presently has an average rating of “Buy” and an average target price of C$6.25.
Shares of TSE NVA traded down C$0.19 during trading on Thursday, reaching C$2.05. The stock had a trading volume of 6,460,422 shares, compared to its average volume of 1,134,504. The stock has a market capitalization of $493.48 million and a P/E ratio of 5.42. The stock has a 50-day moving average price of C$2.57. Nuvista Energy has a fifty-two week low of C$2.05 and a fifty-two week high of C$8.81. 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 released its earnings results on Tuesday, May 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.09 by C$0.04. The company had revenue of C$134.06 million during the quarter, compared to analysts’ expectations of C$141.40 million. Research analysts expect that Nuvista Energy will post 0.39 earnings per share for the current fiscal year.
In other Nuvista Energy news, Senior Officer Ross Lloyd Andreachuk purchased 19,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost 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 C$194,526.36. Over the last quarter, insiders purchased 34,650 shares of company stock valued at $100,563.
About Nuvista Energy
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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