Nuvista Energy (TSE:NVA) had its target price lowered by Royal Bank of Canada from C$7.00 to C$5.00 in a report released on Thursday morning, BayStreet.CA reports.
Several other research firms have also issued reports on NVA. Canaccord Genuity reiterated a buy rating and set a $7.50 price objective on shares of in a research note on Tuesday, July 9th. CIBC dropped their price objective on WestJet Airlines from C$22.00 to C$21.00 in a research note on Tuesday, April 23rd. GMP Securities reiterated a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. BMO Capital Markets reiterated a buy rating and set a $50.00 price objective on shares of Fortis in a research note on Tuesday, April 16th. Finally, CSFB reiterated a neutral rating and set a C$32.00 price objective on shares of Vermilion Energy in a research note on Tuesday, July 16th. Seven research analysts have rated the stock with a buy rating, Nuvista Energy presently has an average rating of Buy and a consensus target price of C$6.83.
Nuvista Energy stock opened at C$2.53 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 39.99. The business’s fifty day moving average is C$2.65. Nuvista Energy has a 52-week low of C$2.45 and a 52-week high of C$9.56. The firm has a market capitalization of $570.09 million and a price-to-earnings ratio of 6.69.
Nuvista Energy (TSE:NVA) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.09 by C$0.04. The company had revenue of C$134.06 million for the quarter, compared to analyst estimates of C$141.40 million. On average, sell-side analysts forecast that Nuvista Energy will post 0.39 EPS for the current fiscal year.
In other Nuvista Energy news, Senior Officer Ross Lloyd Andreachuk bought 19,000 shares of the stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of C$2.52 per share, for a total transaction of C$47,880.00. Following the completion of the purchase, the insider now owns 77,193 shares in the company, valued at approximately C$194,526.36. Over the last 90 days, insiders bought 34,650 shares of company stock valued at $100,563.
Nuvista Energy Company Profile
NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and oil and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.
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