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Nuvista Energy Ltd (NVA-T) has shown strong performance post-Covid with record high production, reduced debt, and buyback of shares. However, there is concern over natural gas overhang and the potential impact of a deal by Paramount. The company has a good management team and solid metrics, but faces challenges in managing the current situation with natural gas in storage. Despite these challenges, experts expect a potential upside of around 20-39% along with good long-term prospects.
Has done phenomenally since Covid. Management has done a great job buying assets. Holding it back now is a lot of natural gas in storage because less was used during this mild winter and Paramount owns a controlling block; so if Paramount does a deal, will they sell NVA? Metrics are good, though and are buying back stock. He targets $24 or 96% upside, but there's that overhang. No easy fix for managers.
Owns shares but has sold some due to strength. Free cash flow down a little. Expecting a ~$17 share price. Good for long term investors. Produce a lot of condensate. Strong company. Lots of natural gas exposure. LNG expansion will be good for company.
Owns shares in company.
Prefers names with more exposure to oil.
Expecting 75% of free cash flow returned to shareholders going forward.
Good management team and reserves.
Higher exposure to gas.
Second largest investor in company and still owns shares.
60% gas , but lots of condensate production.
20+ years of inventory.
Currently expecting 100% upside on stock.
Committed to return at least 75% of capital to shareholders.
Primarily a condensate producer.
Already hit debt target - will return 75% of free cash flow.
At strip gas, trading at 50% of fair value.
4x multiple (conservative) would imply 94% upside on share price.
Energy sector has been preforming well the past 1-2 years (only posisitve sector this year). Well run company that is executing well in the Montney (British Columbia). Lower natural gas prices have not been reflected in share price of the company. Tremendous ability to generate cash flow. LNG expansion in Canada will be good for the business.
Nuvista Energy Ltd is a Canadian stock, trading under the symbol NVA-T on the Toronto Stock Exchange (NVA-CT). It is usually referred to as TSX:NVA or NVA-T
In the last year, 3 stock analysts published opinions about NVA-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nuvista Energy Ltd.
Nuvista Energy Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Nuvista Energy Ltd.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Nuvista Energy Ltd In the last year. It is a trending stock that is worth watching.
On 2024-05-17, Nuvista Energy Ltd (NVA-T) stock closed at a price of $12.94.
We reiterate this Western Canadian energy producer as a TOP PICK. Management has the goal to achieve 100,000 boe/d by 2026 and sees a 10% growth in production in 2024. Hedging activity is assisting against lower natural gas prices currently. It trades at 8x earnings, 1.3x book and supports an 18% ROE. We continue to recommend a stop at $12.00, looking to achieve $15.50 --18% potential upside. Yield 0%.
(Analysts’ price target is $15.50)