NuVista Energy (TSE:NVA) Price Target Lowered to C$14.00 at Jefferies Financial Group

NuVista Energy (TSE:NVA) had its price objective dropped by stock analysts at Jefferies Financial Group from C$17.00 to C$14.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 21.11% from the company’s current price.

Other research analysts have also issued research reports about the stock. TD Securities boosted their price objective on shares of NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Scotiabank upped their target price on NuVista Energy from C$15.00 to C$16.00 in a research report on Friday, July 12th. CIBC upped their price target on shares of NuVista Energy from C$16.50 to C$20.00 in a report on Monday, July 15th. Finally, BMO Capital Markets lifted their price objective on shares of NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NuVista Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$15.93.

NuVista Energy Price Performance

NuVista Energy stock traded down C$0.05 during mid-day trading on Monday, reaching C$11.56. 311,494 shares of the company’s stock traded hands, compared to its average volume of 567,399. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. NuVista Energy has a 12-month low of C$9.59 and a 12-month high of C$14.86. The stock has a 50 day moving average of C$12.98 and a two-hundred day moving average of C$12.78. The company has a market cap of C$2.38 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.59 and a beta of 2.61.

NuVista Energy (TSE:NVA) last issued its earnings results on Thursday, August 8th. The company reported C$0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.35 by C$0.18. The firm had revenue of C$323.35 million during the quarter, compared to analyst estimates of C$312.00 million. NuVista Energy had a net margin of 28.29% and a return on equity of 16.18%. Equities analysts forecast that NuVista Energy will post 1.1321462 earnings per share for the current year.

Insider Activity at NuVista Energy

In related news, Director Keith A.J. Macphail sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of C$14.20, for a total value of C$284,000.00. In other NuVista Energy news, Senior Officer Ryan Daniel Paulgaard sold 5,073 shares of NuVista Energy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$13.26, for a total value of C$67,267.98. Also, Director Keith A.J. Macphail sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of C$14.20, for a total value of C$284,000.00. Insiders have sold 26,673 shares of company stock worth $372,849 in the last quarter. Company insiders own 20.26% of the company’s stock.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.