NuVista Energy Ltd. (TSE:NVA – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.85 and traded as high as C$13.59. NuVista Energy shares last traded at C$13.06, with a volume of 457,905 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Desjardins cut their price objective on NuVista Energy from C$16.50 to C$14.50 and set a “buy” rating for the company in a research report on Tuesday, July 25th. ATB Capital boosted their price objective on NuVista Energy from C$14.75 to C$15.00 in a research report on Friday, October 20th. Raymond James boosted their price objective on NuVista Energy from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. TD Securities boosted their price objective on NuVista Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, BMO Capital Markets upped their price target on NuVista Energy from C$13.50 to C$15.00 in a report on Monday, October 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$15.39.
NuVista Energy Stock Performance
NuVista Energy (TSE:NVA – Get Free Report) last issued its earnings results on Wednesday, August 9th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.12. NuVista Energy had a return on equity of 29.53% and a net margin of 39.15%. The business had revenue of C$282.06 million during the quarter. As a group, analysts anticipate that NuVista Energy Ltd. will post 2.2013093 earnings per share for the current fiscal year.
About NuVista Energy
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 and Pipestone areas of the Alberta Deep Basin.
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