Trending stocks today
Nuvista Energy Ltd (NVA-T)
TSE:NVA
13.86
0.31
(2.19%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Related posts
Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)This summary was created by AI, based on 7 opinions in the last 12 months.
Nuvista Energy Ltd (NVA-T) is a top pick for many experts, with a strong business model and potential for growth. The company has shown good condensate exposure, making it less concerned about natural gas pricing. With a new CEO in place, the dividend looks safe, and the business model is sustainable even at lower oil prices. However, there is some caution around the stock due to its large natural gas storage and the potential impact of a deal with Paramount, which owns a controlling block of shares.
$14.030
Owned
Second largest shareholder. Owns shares in company. Condensate exposure very good. Natural gas pricing not a concern. New CEO looks great. Very strong company. Dividend looks safe. Business model is sustainable down to ~$60. Expecting $16/share @ $70 oil.
He may be early on dry gas producers. Here, you get the gas but also condensate. Condensate's needed for pipeline transport as oil sands slowly increase production. Canada's already short on condensate, so the premium's been extending. Growing production by about 50%, at which point it can keep production flat for 20-25 years. No dividend.
Shareholders are already getting 75% free cashflow. Meaningful share buybacks compress the multiple and drive the rerating. $20 target in 1 year, $26 in 2 years, so upside of 50-90%.
Some of the highest-quality Montney acreage. Oily, nat gas exposure. Growing production by about 50%. Trades at a 15% forward free cashflow yield, 75% going to investors, expected to go to 100% (making a 22% free cashflow yield). His target price is $22.50. No dividend.
(Analysts’ price target is $16.75)LNG Canada will be the next catalyst. Be patient. With Paramount as primary shareholder, concern that it could sell any day and drag share price down. He's the second-largest shareholder. 75% of free cashflow being used for buybacks. Target of $23, 78% potential upside.
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)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.
We again reiterate NVA as a TOP PICK. Recently reported earnings showed the company has reduced debt by 43% over the year, achieved record high production, and bought back shares. It trades at 6x earnings, 1.3x book and generates 21% ROE. We recommend trailing up the stop (from $10) to $12, looking to achieve $16 -- upside potential over 20%. Yield 0%
(Analysts’ price target is $15.83)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.
Boasting record high production and supporting an ROE of 36%, we again reiterate NVA as a TOP PICK. Despite recent precautionary wildfire curtailments, quarterly production increased 9%, allowing for cash flows to rise, despite lower commodity prices. It trades at 8x earnings and 1.3x book value. We like that cash reserves are growing, while debt is retired and shares bought back. We continue to recommend maintaining a stop at $10, looking to achieve $15 -- upside over 20%. Yield 0%
(Analysts’ price target is $15.40)This Calgary based energy producer in the Montney area is reiterated as a TOP PICK. Receding forest fires in the province is allowing production to resume and has just achieved record highs. It trades at 1.2x book, 7x earnings, and supports a 36% ROE. Cash reserves are growing while debt is retired and shared bought back. We continue to recommend a stop at $10, looking to achieve $16 -- upside potential of 39%. Yield 0%
(Analysts’ price target is $16.00)Trading at 7x earnings, 1.4x book and supporting a 37% ROE, we reiterate NVA as a TOP PICK. The company aims to invest 75% of free cash flows and has been aggressively retiring debt and buying back shares, while increasing cash reserves. We recommend trailing up the stop (from $8) to $10, looking to achieve $16 -- upside potential of 33%. Yield 0%
(Analysts’ price target is $15.88)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.
Nuvista Energy Ltd(NVA-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 5
Nuvista Energy Ltd(NVA-T) Frequently Asked Questions
What is Nuvista Energy Ltd stock symbol?
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
Is Nuvista Energy Ltd a buy or a sell?
In the last year, 5 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.
Is Nuvista Energy Ltd a good investment or a top pick?
Nuvista Energy Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Nuvista Energy Ltd.
Why is Nuvista Energy Ltd stock dropping?
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.
Is Nuvista Energy Ltd worth watching?
5 stock analysts on Stockchase covered Nuvista Energy Ltd In the last year. It is a trending stock that is worth watching.
What is Nuvista Energy Ltd stock price?
On 2024-11-22, Nuvista Energy Ltd (NVA-T) stock closed at a price of $13.86.
It takes discipline to not take profits too early and let your winners ride if the thesis is still playing out. The investor did well to do that, not many can.
Believes his firm is still the second-largest shareholder. Continues to drill exceedingly great wells. Perception of an inventory challenge, but he doesn't agree. Likes the newish CEO a lot. Low growth, but lots of free cashflow. Speculation that POU will buy it out, but he never owns on M&A spec.