
- NuVista Energy’s third-quarter earnings per share (EPS) stood at C$0.19, missing the estimate of C$0.31 and down from C$0.29 in the previous year.
- Adjusted funds flow from operations (AFFO) per share improved to C$0.73 from C$0.67 a year earlier.
- Total production dropped by 19% year-over-year to 67,680 barrels of oil equivalent per day (boe/d), falling short of the estimated 68,600 boe/d.
- Condensate production was reported at 20,739 barrels per day (bbls/d), down 21% compared to the previous year, yet slightly above the estimate of 20,331 bbls/d.
- Natural Gas Liquids (NGLs) production decreased by 20% year-over-year to 6,160 bbls/d, compared to the estimate of 6,266 bbls/d.
- Petroleum and natural gas revenue totaled C$258.6 million, 14% lower than the previous year, but above the estimate of C$250.7 million.
- Natural gas production declined by 18% year-over-year, measuring at 244.7 million cubic feet per day (mmcf/d).
- The companyβs capital expenditure increased by 19% year-over-year to C$141.1 million.
- Analyst recommendations for NuVista Energy include three buys, three holds, and one sell.
A look at Nuvista Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts have provided a mixed outlook for Nuvista Energy Ltd. based on Smartkarma Smart Scores. The company received strong scores in Value and Momentum, suggesting a positive sentiment towards its current performance and potentially undervalued status. However, Nuvista Energy scored lower in the Dividend category, indicating it may not be an attractive option for income-seeking investors. With moderate scores in Growth and Resilience, the company shows potential for development and an ability to withstand market challenges.
Nuvista Energy Ltd. is a company that focuses on acquiring, exploring, and developing oil and natural gas properties in eastern Alberta, Canada. While the Smartkarma Smart Scores reflect a varying outlook across different factors, Nuvista Energy‘s strategic focus on a specific region provides a niche opportunity for growth and expansion within the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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