NuVista Energy - NVA Stock Forecast, Price & News

NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate rich Montney formation in the Wapiti area of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

NuVista Energy Stock Performance

Shares of NuVista Energy stock traded down C$0.15 during trading hours on Monday, reaching C$10.34. The company's stock had a trading volume of 538,327 shares, compared to its average volume of 1,321,700. The company's 50 day simple moving average is C$10.96 and its 200 day simple moving average is C$10.63. The company has a debt-to-equity ratio of 33.09, a quick ratio of 0.51 and a current ratio of 0.51. NuVista Energy has a one year low of C$2.90 and a one year high of C$14.29. The stock has a market cap of C$2.36 billion and a P/E ratio of 7.28.

NuVista Energy (TSE:NVA - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.46 by C$0.28. The business had revenue of C$463.27 million during the quarter. As a group, analysts expect that NuVista Energy will post 2.8699999 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. CIBC lowered their price target on shares of NuVista Energy from C$18.00 to C$15.00 in a report on Wednesday, July 13th. Stifel Nicolaus lowered their price target on shares of NuVista Energy from C$15.50 to C$14.75 in a report on Thursday. Scotiabank increased their price objective on shares of NuVista Energy from C$14.50 to C$15.50 in a research note on Thursday, May 12th. Raymond James increased their price objective on shares of NuVista Energy from C$15.50 to C$17.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 5th. Finally, Cormark increased their price objective on shares of NuVista Energy from C$18.00 to C$19.00 and gave the company a "buy" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$13.39.

Insider Transactions at NuVista Energy

In other news, Senior Officer Kevin Garth Asman sold 5,000 shares of the firm's stock in a transaction dated Friday, June 17th. The shares were sold at an average price of C$11.48, for a total value of C$57,400.00. Following the transaction, the insider now directly owns 192,401 shares in the company, valued at approximately C$2,208,763.48. In related news, Senior Officer Kevin Garth Asman sold 5,000 shares of NuVista Energy stock in a transaction dated Friday, June 17th. The shares were sold at an average price of C$11.48, for a total value of C$57,400.00. Following the sale, the insider now directly owns 192,401 shares in the company, valued at approximately C$2,208,763.48. Also, Senior Officer Ross Lloyd Andreachuk sold 31,260 shares of NuVista Energy stock in a transaction dated Friday, May 13th. The shares were sold at an average price of C$11.77, for a total transaction of C$367,930.20. Following the completion of the sale, the insider now owns 184,132 shares in the company, valued at C$2,167,233.64. In the last three months, insiders have sold 253,042 shares of company stock worth $3,166,490.