FY2020 EPS Estimates for Nuvista Energy Ltd Increased by Cormark (NVA)
Nuvista Energy Ltd (TSE:NVA) – Equities research analysts at Cormark raised their FY2020 EPS estimates for Nuvista Energy in a research note issued on Tuesday. Cormark analyst A. Arif now anticipates that the company will post earnings of $0.80 per share for the year, up from their previous forecast of $0.77. Cormark also issued estimates for Nuvista Energy’s FY2021 earnings at $0.97 EPS.
Other equities research analysts also recently issued reports about the stock. National Bank Financial lifted their price target on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Raymond James Financial, Inc. decreased their price target on shares of Nuvista Energy from C$9.25 to C$8.50 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. TD Securities lifted their price target on shares of Nuvista Energy from C$8.00 to C$8.50 and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, BMO Capital Markets lifted their price target on shares of Nuvista Energy from C$6.50 to C$7.00 and gave the company a “market perform” rating in a research note on Monday, June 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Nuvista Energy has a consensus rating of “Buy” and an average price target of C$8.57.
Nuvista Energy (NVA) traded up 3.06% during trading on Thursday, hitting $7.41. 623,626 shares of the stock were exchanged. The firm’s 50-day moving average is $6.44 and its 200 day moving average is $6.41. The firm has a market cap of $1.28 billion and a PE ratio of 18.52. Nuvista Energy has a 52 week low of $5.33 and a 52 week high of $7.80.
In other news, Director Keith A.J. Macphail sold 64,500 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of C$6.31, for a total transaction of C$406,995.00.
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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