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.

Analysts Set New Price Targets

Several brokerages have recently commented on NVA. Scotiabank increased their target price on shares of NuVista Energy from C$14.50 to C$15.50 in a report on Thursday, May 12th. Raymond James boosted their price objective on NuVista Energy from C$15.50 to C$17.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 5th. National Bankshares decreased their target price on NuVista Energy from C$19.00 to C$16.50 and set a "sector perform" rating for the company in a research report on Monday, July 18th. Stifel Nicolaus cut their price target on shares of NuVista Energy from C$15.50 to C$14.75 in a report on Thursday, August 4th. Finally, Cormark raised their price target on shares of NuVista Energy from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research note on Thursday, August 4th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NuVista Energy currently has an average rating of "Moderate Buy" and a consensus price target of C$13.39.

NuVista Energy Price Performance

Shares of NVA Stock traded up C$0.47 during trading hours on Thursday, hitting C$10.92. 798,145 shares of the company's stock were exchanged, compared to its average volume of 1,312,034. The company has a current ratio of 0.61, a quick ratio of 0.60 and a debt-to-equity ratio of 23.86. NuVista Energy has a 12-month low of C$2.90 and a 12-month high of C$14.29. The business's 50 day simple moving average is C$10.85 and its 200-day simple moving average is C$10.63. The company has a market capitalization of C$2.49 billion and a PE ratio of 7.31.

NuVista Energy (TSE:NVA - Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported C$0.74 earnings per share for the quarter, beating analysts' consensus estimates of C$0.46 by C$0.28. The company had revenue of C$463.27 million during the quarter. On average, equities research analysts anticipate that NuVista Energy will post 2.7899999 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Keith A.J. Macphail sold 30,000 shares of the company's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of C$10.54, for a total value of C$316,200.00. Following the sale, the director now directly owns 3,302,042 shares of the company's stock, valued at approximately C$34,803,522.68. In other news, Director Keith A.J. Macphail sold 30,000 shares of the firm's stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of C$10.54, for a total transaction of C$316,200.00. Following the completion of the transaction, the director now directly owns 3,302,042 shares in the company, valued at C$34,803,522.68. Also, Senior Officer Joshua Thomas Truba sold 20,500 shares of NuVista Energy stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of C$13.05, for a total value of C$267,525.00. Following the completion of the transaction, the insider now directly owns 107,921 shares of the company's stock, valued at approximately C$1,408,369.05. Insiders have sold 333,042 shares of company stock valued at $4,005,190 over the last ninety days.