Cormark Estimates NuVista Energy's FY2025 Earnings (TSE:NVA)

Key Points

• Cormark has raised its FY2025 EPS estimate for NuVista Energy from $1.49 to $1.56, indicating positive expectations for the company's earnings growth.
• Several analysts have recently upgraded their ratings on NuVista Energy, with National Bank Financial upgrading to "strong-buy" and Desjardins moving to "moderate buy."
• The company's stock currently has a consensus rating of "Buy" and a price target of C$17.43, reflecting confidence in its future performance.

NuVista Energy Ltd. (TSE:NVA - Free Report) - Investment analysts at Cormark increased their FY2025 earnings per share (EPS) estimates for shares of NuVista Energy in a note issued to investors on Thursday, August 7th. Cormark analyst K. Baim now expects that the company will earn $1.56 per share for the year, up from their prior forecast of $1.49. The consensus estimate for NuVista Energy's current full-year earnings is $1.07 per share.

A number of other equities research analysts also recently commented on the company. Raymond James Financial downgraded NuVista Energy from a "moderate buy" rating to a "hold" rating and set a C$17.00 price objective for the company. in a research report on Thursday, July 3rd. Desjardins upgraded shares of NuVista Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. National Bankshares lifted their target price on shares of NuVista Energy from C$16.00 to C$18.60 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their price target on shares of NuVista Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a report on Monday, June 30th. Finally, National Bank Financial raised shares of NuVista Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$17.43.

NuVista Energy Stock Performance

NVA stock traded down C$0.07 on Monday, reaching C$14.23. The company's stock had a trading volume of 101,511 shares, compared to its average volume of 876,242. The firm has a fifty day moving average of C$14.56 and a two-hundred day moving average of C$13.30. The company has a debt-to-equity ratio of 14.11, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market capitalization of C$2.91 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.59 and a beta of 2.57. NuVista Energy has a 52 week low of C$10.34 and a 52 week high of C$16.11.

Insider Activity at NuVista Energy

In other news, Senior Officer Michael Lawford acquired 18,000 shares of the stock in a transaction dated Monday, July 7th. The shares were bought at an average cost of C$13.90 per share, for a total transaction of C$250,200.00. Also, Senior Officer Ryan Daniel Paulgaard sold 10,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$13.75, for a total transaction of C$137,500.00. Insiders sold 236,437 shares of company stock worth $3,441,605 over the last ninety days. Company insiders own 20.25% of the company's stock.

About NuVista Energy

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen.