Stifel Nicolaus Increases NuVista Energy (TSE:NVA) Price Target to C$15.00

NuVista Energy (TSE:NVA – Get Rating) had its target price lifted by equities research analysts at Stifel Nicolaus from C$13.25 to C$15.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 25.84% from the stock’s previous close.

Several other research analysts have also issued reports on NVA. CIBC upped their target price on shares of NuVista Energy from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th. National Bankshares lowered their price target on shares of NuVista Energy from C$14.50 to C$11.50 in a research note on Thursday, April 14th. Royal Bank of Canada boosted their price target on shares of NuVista Energy from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 10th. Cormark boosted their price target on shares of NuVista Energy from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James raised shares of NuVista Energy from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from C$14.50 to C$15.00 in a research note on Tuesday, April 26th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NuVista Energy has an average rating of “Buy” and an average target price of C$12.64.

Shares of TSE:NVA opened at C$11.92 on Thursday. NuVista Energy has a 52-week low of C$2.48 and a 52-week high of C$12.58. The firm has a fifty day moving average of C$10.80 and a 200 day moving average of C$8.72. The firm has a market capitalization of C$2.72 billion and a PE ratio of 10.46. The company has a debt-to-equity ratio of 37.70, a quick ratio of 0.46 and a current ratio of 0.46.

NuVista Energy (TSE:NVA – Get Rating) last announced its earnings results on Wednesday, March 9th. The company reported C$0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.36 by C$0.12. The company had revenue of C$323.36 million during the quarter. On average, sell-side analysts forecast that NuVista Energy will post 1.4500001 EPS for the current fiscal year.

NuVista Energy Company Profile (Get Rating)

NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate rich Montney formation in the Wapiti area of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

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