Nuvista Energy Ltd (TSE:NVA) Senior Officer Ross Lloyd Andreachuk purchased 14,336 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average cost of C$2.83 per share, with a total value of C$40,570.88. Following the completion of the purchase, the insider now owns 91,529 shares in the company, valued at approximately C$259,027.07.
Shares of NVA opened at C$2.87 on Thursday. Nuvista Energy Ltd has a 1-year low of C$1.39 and a 1-year high of C$5.19. The company has a 50-day moving average of C$2.90 and a 200 day moving average of C$2.39. The firm has a market capitalization of $678.67 million and a price-to-earnings ratio of 9.29. The company has a debt-to-equity ratio of 50.37, a current ratio of 1.18 and a quick ratio of 0.80.
Nuvista Energy (TSE:NVA) last announced its quarterly earnings data on Monday, November 11th. The company reported C$0.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.01. The company had revenue of C$132.80 million for the quarter, compared to the consensus estimate of C$143.10 million. On average, equities analysts anticipate that Nuvista Energy Ltd will post 0.22 earnings per share for the current fiscal year.
A number of equities analysts recently commented on NVA shares. Tudor Pickering & Holt set a C$4.00 price target on shares of Nuvista Energy and gave the stock a “buy” rating in a research note on Monday, January 6th. Scotiabank lifted their price objective on shares of Nuvista Energy from C$5.00 to C$5.50 in a report on Tuesday. Raymond James reiterated an “outperform” rating and set a C$4.25 price objective on shares of Nuvista Energy in a report on Wednesday. Royal Bank of Canada decreased their price objective on shares of Nuvista Energy from C$5.00 to C$4.00 in a report on Friday, October 18th. Finally, Tudor Pickering reiterated a “buy” rating and set a C$4.00 price objective on shares of Nuvista Energy in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$5.13.
Nuvista Energy Company Profile
NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and oil and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.
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