In a report released today, Anthony Petrucci from Canaccord Genuity maintained a Hold rating on NuVista Energy (NUVSF), with a price target of C$1.20. The company’s shares closed last Wednesday at $0.80.
According to TipRanks.com, Petrucci has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -11.4% and a 31.9% success rate. Petrucci covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and PrairieSky Royalty.
The word on The Street in general, suggests a Hold analyst consensus rating for NuVista Energy with a $0.99 average price target, a 19.0% upside from current levels. In a report issued on December 28, National Bank also maintained a Hold rating on the stock with a C$1.00 price target.
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Based on NuVista Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $106 million and GAAP net loss of $44.14 million. In comparison, last year the company earned revenue of $139 million and had a GAAP net loss of $7.65 million.
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NuVista Energy Ltd. 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.
