Canaccord Genuity downgraded shares of Nuvista Energy (TSE:NVA) from a buy rating to a hold rating in a research report sent to investors on Thursday. Canaccord Genuity currently has C$5.00 target price on the stock, down from their previous target price of C$7.50.
A number of other equities analysts have also weighed in on NVA. Royal Bank of Canada reiterated a buy rating and issued a C$6.00 price target (down previously from C$9.00) on shares of Nuvista Energy in a report on Monday. TD Securities decreased their price target on shares of Nuvista Energy from C$9.50 to C$9.00 and set a buy rating on the stock in a report on Tuesday, November 13th. GMP Securities decreased their price target on shares of Nuvista Energy from C$9.75 to C$7.50 in a report on Thursday, December 13th. National Bank Financial decreased their price target on shares of Nuvista Energy from C$12.00 to C$11.50 and set an outperform rating on the stock in a report on Tuesday, November 13th. Finally, BMO Capital Markets reiterated an average rating and issued a C$6.50 price target on shares of Nuvista Energy in a report on Monday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of C$9.19.
TSE NVA traded up C$0.01 during mid-day trading on Thursday, reaching C$4.36. 1,368,848 shares of the stock were exchanged, compared to its average volume of 1,305,588. Nuvista Energy has a 1-year low of C$3.38 and a 1-year high of C$9.89. The company has a debt-to-equity ratio of 37.98, a quick ratio of 0.59 and a current ratio of 0.60.
Nuvista Energy (TSE:NVA) last announced its quarterly earnings results on Monday, November 12th. The company reported C$0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.18 by C$0.20. The company had revenue of C$150.96 million during the quarter, compared to analyst estimates of C$138.50 million. On average, equities research analysts forecast that Nuvista Energy will post 0.600000027272729 earnings per share for the current fiscal year.
In other Nuvista Energy news, Director Ronald J.M. Poelzer bought 250,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of C$3.45 per share, with a total value of C$862,500.00. Also, insider Ross Lloyd Andreachuk bought 8,500 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was acquired at an average cost of C$3.45 per share, for a total transaction of C$29,325.00. In the last three months, insiders bought 380,800 shares of company stock worth $1,419,563.
Nuvista Energy Company Profile
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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