Nuvista Energy Ltd (TSE:NVA) – Analysts at Cormark dropped their Q4 2017 earnings per share (EPS) estimates for Nuvista Energy in a research note issued to investors on Wednesday. Cormark analyst A. Arif now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.12. Cormark also issued estimates for Nuvista Energy’s Q1 2018 earnings at $0.12 EPS.
Several other equities analysts also recently commented on the company. Raymond James Financial, Inc. lowered their price objective on Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. CSFB restated an “outperform” rating and issued a C$8.50 price objective on shares of Nuvista Energy in a research report on Thursday, May 11th. BMO Capital Markets boosted their price objective on Nuvista Energy from C$6.50 to C$7.00 and gave the company a “market perform” rating in a research report on Monday, June 5th. Finally, National Bank Financial boosted their price objective on Nuvista Energy from C$7.75 to C$8.25 and gave the company an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$8.54.
Shares of Nuvista Energy (TSE NVA) traded down 2.01% during mid-day trading on Thursday, reaching $6.35. The company had a trading volume of 54,179 shares. The firm has a 50 day moving average of $6.35 and a 200-day moving average of $6.41. Nuvista Energy has a one year low of $5.33 and a one year high of $7.80. The stock has a market capitalization of $1.10 billion and a P/E ratio of 30.98.
In related news, Director Grant A. Zawalsky sold 6,343 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of C$7.54, for a total value of C$47,826.22.
About Nuvista Energy
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