Q1 2018 EPS Estimates for Nuvista Energy Ltd Lowered by Cormark (NVA)
Nuvista Energy Ltd (TSE:NVA) – Equities researchers at Cormark dropped their Q1 2018 earnings per share estimates for shares of Nuvista Energy in a research report issued to clients and investors on Tuesday. Cormark analyst A. Arif now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.12. Cormark also issued estimates for Nuvista Energy’s Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.13 EPS.
A number of other research firms have also weighed in on NVA. CSFB boosted their price objective on shares of Nuvista Energy from C$8.00 to C$9.75 and gave the company an “outperform” rating in a research report on Wednesday, September 20th. Eight Capital restated a “neutral” rating and set a C$9.00 target price on shares of Nuvista Energy in a research report on Wednesday, September 27th. TD Securities lifted their target price on shares of Nuvista Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Thursday, August 10th. National Bank Financial lifted their target price on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. cut their price target on Nuvista Energy from C$9.25 to C$8.50 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$8.71.
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Nuvista Energy (NVA) traded down 1.45% on Wednesday, hitting $7.47. The stock had a trading volume of 25,672 shares. The stock’s 50 day moving average is $6.96 and its 200 day moving average is $6.60. The stock has a market cap of $1.29 billion and a price-to-earnings ratio of 18.67. Nuvista Energy has a one year low of $5.33 and a one year high of $8.02.
In other Nuvista Energy news, Director Keith A.J. Macphail sold 64,500 shares of Nuvista Energy stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of C$6.31, for a total value 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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