Nuvista Energy Ltd (NVA) Expected to Post Q1 2018 Earnings of $0.11 Per Share
Nuvista Energy Ltd (TSE:NVA) – Investment analysts at Cormark lowered their Q1 2018 earnings per share (EPS) 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 per share of $0.11 for the quarter, down from their previous 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.
Several other analysts have also issued reports on the stock. CSFB boosted their target price 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 reiterated a “neutral” rating and issued a C$9.00 price target on shares of Nuvista Energy in a research report on Wednesday, September 27th. Raymond James Financial, Inc. dropped 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 report on Wednesday, August 9th. TD Securities upped their price target on shares of Nuvista Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, National Bank Financial upped their price target on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Nuvista Energy presently has an average rating of “Buy” and an average target price of C$8.71.
Nuvista Energy (TSE NVA) traded up 0.742% on Wednesday, reaching $7.465. 153,386 shares of the company traded hands. The stock’s 50-day moving average is $6.99 and its 200-day moving average is $6.61. Nuvista Energy has a 1-year low of $5.33 and a 1-year high of $8.02. The stock has a market capitalization of $1.29 billion and a price-to-earnings ratio of 18.663.
In related news, Director Keith A.J. Macphail sold 64,500 shares of the company’s stock in a transaction on 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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