Nuvista Energy Ltd (NVA) to Post FY2019 Earnings of $0.66 Per Share, Cormark Forecasts
Nuvista Energy Ltd (TSE:NVA) – Stock analysts at Cormark boosted their FY2019 earnings per share estimates for Nuvista Energy in a note issued to investors on Tuesday. Cormark analyst A. Arif now expects that the company will earn $0.66 per share for the year, up from their previous estimate of $0.65. Cormark also issued estimates for Nuvista Energy’s FY2021 earnings at $0.99 EPS.
Several other brokerages have also recently weighed in on NVA. Raymond James Financial, Inc. decreased their price objective on Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Thursday, May 11th. Scotiabank restated an “outperform” rating and issued a C$8.75 price objective on shares of Nuvista Energy in a report on Wednesday, March 8th. TD Securities restated a “buy” rating and issued a C$9.00 price objective on shares of Nuvista Energy in a report on Thursday, March 9th. National Bank Financial upgraded Nuvista Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$7.50 to C$8.75 in a report on Thursday, February 2nd. Finally, CIBC raised their price objective on Nuvista Energy from C$8.00 to C$8.75 in a report on Wednesday, January 25th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Nuvista Energy presently has an average rating of “Buy” and a consensus price target of C$8.63.
Shares of Nuvista Energy (TSE:NVA) traded down 4.66% during mid-day trading on Thursday, hitting $6.96. The company’s stock had a trading volume of 261,669 shares. The company has a 50-day moving average price of $6.71 and a 200-day moving average price of $6.56. Nuvista Energy has a 1-year low of $5.33 and a 1-year high of $7.80. The stock has a market cap of $1.20 billion and a PE ratio of 33.95.
In other Nuvista Energy news, Director Grant A. Zawalsky sold 6,343 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of C$7.54, for a total transaction of C$47,826.22. Also, Director Keith A.J. Macphail sold 8,800 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of C$6.30, for a total transaction of C$55,440.00. Insiders have sold 32,143 shares of company stock valued at $208,156 in the last quarter.
About Nuvista Energy
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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