Q3 2017 Earnings Forecast for Nuvista Energy Ltd Issued By Cormark (NVA)
Nuvista Energy Ltd (TSE:NVA) – Investment analysts at Cormark boosted their Q3 2017 earnings per share (EPS) estimates for Nuvista Energy in a research report issued to clients and investors on Wednesday. Cormark analyst A. Arif now anticipates that the company will post earnings per share of $0.08 for the quarter, up from their prior estimate of $0.05. Cormark also issued estimates for Nuvista Energy’s FY2017 earnings at $0.57 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.68 EPS.
A number of other brokerages have also weighed in on NVA. Raymond James Financial, Inc. lowered their price target on shares of Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Thursday, May 11th. BMO Capital Markets raised their price objective on shares of Nuvista Energy from C$6.50 to C$7.00 and gave the company a “market perform” rating in a research note on Monday, June 5th. TD Securities raised their price objective on shares of Nuvista Energy from C$8.00 to C$8.50 and gave the company a “buy” rating in a research note on Thursday. National Bank Financial raised their price objective on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the company an “outperform” rating in a research note on Wednesday. Finally, CSFB reaffirmed an “outperform” rating and issued a C$8.50 price objective on shares of Nuvista Energy in a research note on Thursday, May 11th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$8.54.
Shares of Nuvista Energy (TSE:NVA) opened at 6.30 on Friday. The firm has a 50-day moving average price of $6.35 and a 200-day moving average price of $6.41. Nuvista Energy has a 52-week low of $5.33 and a 52-week high of $7.80. The firm has a market capitalization of $1.09 billion and a P/E ratio of 30.73.
In related news, Director Grant A. Zawalsky sold 6,343 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of C$7.54, for a total value of C$47,826.22.
Nuvista Energy Company Profile
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