TD Securities Trims Nuvista Energy (NVA) Target Price to C$10.00

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Nuvista Energy (TSE:NVA) had its target price dropped by research analysts at TD Securities from C$11.50 to C$10.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 35.32% from the company’s current price.

NVA has been the topic of a number of other research reports. Industrial Alliance Securities boosted their target price on shares of Nuvista Energy from C$11.00 to C$12.00 in a report on Thursday, August 9th. Raymond James boosted their target price on shares of Nuvista Energy from C$13.50 to C$14.50 and gave the company a “strong-buy” rating in a report on Wednesday, August 8th. BMO Capital Markets boosted their target price on shares of Nuvista Energy from C$9.50 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. National Bank Financial cut shares of Nuvista Energy from an “outperform” rating to a “sector perform” rating and set a C$10.25 target price on the stock. in a report on Thursday, May 24th. Finally, Royal Bank of Canada boosted their target price on shares of Nuvista Energy from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$11.44.

Shares of NVA stock traded up C$0.15 during mid-day trading on Wednesday, reaching C$7.39. 796,433 shares of the company’s stock traded hands, compared to its average volume of 551,333. Nuvista Energy has a 12 month low of C$6.43 and a 12 month high of C$9.89.

Nuvista Energy (TSE:NVA) last announced its earnings results on Tuesday, August 7th. The company reported C$0.18 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.12 by C$0.06. Nuvista Energy had a negative net margin of 5.40% and a negative return on equity of 2.12%. The firm had revenue of C$137.13 million for the quarter, compared to analysts’ expectations of C$115.90 million.

In other news, insider Jonathan Andrew Wright purchased 4,650 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$35,712.00.

About Nuvista Energy

NuVista Energy Ltd., an exploration and production company, engages in the development, delineation, and production of condensate, 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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Analyst Recommendations for Nuvista Energy (TSE:NVA)

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