FY2018 EPS Estimates for Nuvista Energy Ltd Increased by Cormark (NVA)
Nuvista Energy Ltd (TSE:NVA) – Research analysts at Cormark boosted their FY2018 earnings per share (EPS) estimates for shares of Nuvista Energy in a report released on Tuesday. Cormark analyst A. Arif now forecasts that the company will earn $0.47 per share for the year, up from their previous estimate of $0.46.
Several other equities analysts also recently commented on the stock. TD Securities restated a “buy” rating and issued a C$9.00 price target on shares of Nuvista Energy in a research note on Thursday, March 9th. Raymond James Financial, Inc. dropped their price target on shares of Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Thursday, May 11th. National Bank Financial upgraded shares of Nuvista Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$7.50 to C$8.75 in a research note on Thursday, February 2nd. Scotiabank reiterated an “outperform” rating and set a C$8.75 target price on shares of Nuvista Energy in a research note on Wednesday, March 8th. Finally, CIBC boosted their target price on shares of Nuvista Energy from C$8.00 to C$8.75 in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$8.63.
Shares of Nuvista Energy (TSE:NVA) traded down 3.39% during mid-day trading on Wednesday, hitting $7.12. The stock had a trading volume of 191,727 shares. The firm has a market cap of $1.23 billion and a PE ratio of 34.73. Nuvista Energy has a 12 month low of $5.33 and a 12 month high of $7.80. The stock’s 50-day moving average is $6.68 and its 200 day moving average is $6.55.
In related news, Director Grant A. Zawalsky sold 6,343 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of C$7.54, for a total value of C$47,826.22. Also, Director Keith A.J. Macphail sold 17,000 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of C$6.17, for a total transaction of C$104,890.00. In the last quarter, insiders have sold 32,143 shares of company stock valued at $208,156.
Nuvista Energy Company Profile
NuVista Energy Ltd. (NuVista) is an exploration and production company, which is engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company’s primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney).
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