RBC Capital analyst Michael Harvey maintained a Hold rating on NuVista Energy (NUVSF) on November 16 and set a price target of C$1.25. The company’s shares closed last Tuesday at $0.64.
According to TipRanks.com, Harvey is a 3-star analyst with an average return of 3.3% and a 46.7% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Advantage Oil & Gas, and Paramount Resources.
NuVista Energy has an analyst consensus of Hold, with a price target consensus of $0.88, which is a 35.4% upside from current levels. In a report issued on November 12, Stifel Nicolaus also downgraded the stock to Hold with a C$1.10 price target.
See today’s analyst top recommended stocks >>
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.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NUVSF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
