Nuvista Energy Ltd reports results for the quarter ended March 31 - Earnings Summary

• Nuvista Energy Ltd NVA.TO reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of two analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 37 cents to 50 cents per share.

• Revenue rose 10% to C$340.05 million from a year ago; analysts expected C$334.00 million.

• Nuvista Energy Ltd's reported EPS for the quarter was 55 cents​.

• The company reported quarterly net income of C$112.15 million.

• Nuvista Energy Ltd shares had fallen by 12.7% this quarter and lost 14.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Nuvista Energy Ltd is C$16.75

This summary was machine generated from LSEG data May 8 at 11:27 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)