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NuVista Energy (TSX: NVA), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Sam Roach from Canaccord Genuity rated NuVista Energy (TSX: NVA) a Buy, setting a C$10 price target.
Roach commented:
“We maintain our BUY rating and C$10.00 price target. Q1 results in line with expectations NuVista announced Q1/18 cash flow of C$58.7 million, or C$0.34 per share which is in line with our estimate of C$0.32 per share and FactSet consensus estimate of C$0.33 per share. Production of 36,100 boe/d was within 1% of our estimate of 36,089 boe/d, with the condensate weighting declining to 31% from 35% in Q4/17.”
Roach has an average return of 15.8% when recommending NuVista Energy.
According to TipRanks.com, Roach is ranked #505 out of 4787 analysts.
NuVista Energy has an analyst consensus of Strong Buy, with a price target consensus of C$10.83.
Based on NuVista Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$34.65 million. In comparison, last year the company had a net profit of C$38.32 million.
NuVista Energy Ltd. is an exploration and production company. It engages in the exploration, development and production of oil and natural gas reserves. The firm focuses on the scalable and repeatable condensate-rich Montney formation in the alberta deep basin. The company was founded on April 7, 2003 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$8.68, close to its 52-week high of C$9.16.
