National Bank Financial Trims NuVista Energy (NVA) Target Price to C$9.50

NuVista Energy (TSE:NVA) had its price objective reduced by National Bank Financial from C$10.00 to C$9.50 in a research report issued to clients and investors on Thursday, April 12th. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 18.01% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Desjardins boosted their target price on shares of NuVista Energy from C$10.75 to C$11.50 in a report on Wednesday, February 14th. BMO Capital Markets upgraded shares of NuVista Energy from a “market perform” rating to an “outperform” rating and set a C$9.50 price target on the stock in a research note on Thursday, January 11th. Finally, TD Securities dropped their price target on shares of NuVista Energy from C$10.50 to C$10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 13th. Seven research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$9.97.

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NVA stock opened at C$8.05 on Thursday. NuVista Energy has a one year low of C$5.91 and a one year high of C$9.16.

NuVista Energy (TSE:NVA) last issued its quarterly earnings data on Monday, March 12th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.18 by C$0.02. NuVista Energy had a negative net margin of 5.40% and a negative return on equity of 2.12%. The business had revenue of C$131.01 million for the quarter, compared to the consensus estimate of C$130.80 million.

In related news, Director Keith A.J. Macphail sold 15,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of C$7.41, for a total value of C$111,150.00.

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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.

Analyst Recommendations for NuVista Energy (TSE:NVA)

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