NuVista Energy (TSE:NVA) Given New C$17.00 Price Target at Cormark

NuVista Energy (TSE:NVAGet Rating) had its price objective lifted by equities researchers at Cormark from C$15.00 to C$17.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Cormark’s target price suggests a potential upside of 42.62% from the company’s current price.

A number of other equities research analysts have also recently commented on NVA. CIBC raised their price target on NuVista Energy from C$12.00 to C$14.00 and gave the company an “outperform” rating in a report on Thursday. National Bank Financial lifted their price target on shares of NuVista Energy to C$9.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 6th. Scotiabank increased their target price on NuVista Energy from C$10.00 to C$12.50 in a research note on Tuesday, March 8th. BMO Capital Markets lifted their price target on NuVista Energy from C$9.50 to C$11.50 in a report on Thursday, March 10th. Finally, TD Securities lifted their target price on NuVista Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, March 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$11.90.

Shares of NVA stock traded up C$0.71 during trading hours on Monday, reaching C$11.92. 757,984 shares of the company traded hands, compared to its average volume of 1,501,932. The firm has a 50-day moving average price of C$10.06 and a 200 day moving average price of C$7.97. The company has a market cap of C$2.71 billion and a P/E ratio of 3.17. The company has a debt-to-equity ratio of 46.48, a current ratio of 0.35 and a quick ratio of 0.35. NuVista Energy has a 12-month low of C$2.00 and a 12-month high of C$11.95.

NuVista Energy (TSE:NVAGet Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported C$0.48 earnings per share for the quarter, beating the consensus estimate of C$0.36 by C$0.12. The firm had revenue of C$323.36 million for the quarter. Sell-side analysts predict that NuVista Energy will post 1.18 EPS for the current year.

NuVista Energy Company Profile (Get Rating)

NuVista Energy Ltd., a condensate and natural gas company, engages in the development, delineation, and production of condensate, natural gas liquids, 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.

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