CIBC Increases NuVista Energy (TSE:NVA) Price Target to C$16.50

NuVista Energy (TSE:NVA - Free Report) had its price target lifted by CIBC from C$15.50 to C$16.50 in a research report report published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on NVA. Raymond James decreased their target price on NuVista Energy from C$18.00 to C$14.50 and set an outperform rating for the company in a research note on Friday, January 19th. Desjardins cut their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a buy rating on the stock in a research note on Friday, March 22nd. Stifel Nicolaus increased their price objective on shares of NuVista Energy from C$14.25 to C$14.50 in a research report on Monday, March 4th. BMO Capital Markets set a C$17.00 price objective on shares of NuVista Energy and gave the company an outperform rating in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group set a C$13.00 target price on shares of NuVista Energy and gave the stock a buy rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, NuVista Energy currently has an average rating of Moderate Buy and an average target price of C$15.03.

NuVista Energy Trading Up 1.2 %

NVA stock traded up C$0.15 during midday trading on Monday, reaching C$12.49. The stock had a trading volume of 436,257 shares, compared to its average volume of 426,343. The firm has a market cap of C$2.59 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.59 and a beta of 2.85. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 14.42. NuVista Energy has a twelve month low of C$9.59 and a twelve month high of C$13.72. The business has a fifty day simple moving average of C$11.62 and a two-hundred day simple moving average of C$11.68.

NuVista Energy (TSE:NVA - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.41 earnings per share for the quarter, missing analysts' consensus estimates of C$0.49 by C($0.08). NuVista Energy had a return on equity of 18.16% and a net margin of 29.12%. The firm had revenue of C$365.50 million for the quarter, compared to the consensus estimate of C$364.00 million. As a group, research analysts expect that NuVista Energy will post 1.5681818 EPS for the current fiscal year.

Insider Buying and Selling at NuVista Energy

In other news, insider Paramount Resources Ltd. sold 6,000,000 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$12.50, for a total transaction of C$75,000,000.00. Company insiders own 22.89% of the company's stock.

NuVista Energy Company Profile

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.