BMO Capital’s Analyst Provides Guidance for This Canadian Energy Company

By Ryan Adsit

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Joe Levesque from BMO Capital remains neutral on NuVista Energy (TSX: NVA) and has a C$7 price target.

According to TipRanks.com, Levesque is a 3-star analyst with an average return of 3.0% and a 38.9% success rate. Levesque covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Athabasca Oil Corporation, and Advantage Oil & Gas Ltd.

NuVista Energy has an analyst consensus of Strong Buy, with a price target consensus of C$8.81.

Based on NuVista Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$81.52 million and quarterly net profit of C$38.32 million. In comparison, last year the company earned revenue of C$56.65 million and had a net profit of C$2.45 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 company 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 last Monday at $6.83.