NuVista Energy, the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Sam Burwell from Jefferies reiterated a Buy rating on the stock and has a C$18.00 price target.
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Sam Burwell’s rating is based on NuVista Energy’s strong financial performance and strategic outlook. The company reported a higher-than-expected cash flow per share, which is a positive indicator of its financial health. Additionally, NuVista Energy has reaffirmed its production guidance for the fiscal year 2025, projecting to maintain a production rate of approximately 100 mboe/d by the fourth quarter.
Furthermore, the company has demonstrated efficiency improvements in drilling and completion activities, which are expected to reduce future capital expenditures. These factors, combined with a favorable production outlook for 2026 that aligns with market expectations, have led to an increased price target of C$18 and a reiterated Buy rating.
Burwell covers the Energy sector, focusing on stocks such as MEG Energy, AltaGas, and Tourmaline Oil. According to TipRanks, Burwell has an average return of 16.1% and a 62.31% success rate on recommended stocks.
In another report released yesterday, National Bank also upgraded the stock to a Buy with a C$18.50 price target.