NuVista Energy Ltd. (NVA) PT Raised to C$9.00
NuVista Energy Ltd. (TSE:NVA) had its price objective lifted by Canaccord Genuity from C$8.00 to C$9.00 in a report released on Wednesday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 26.76% from the company’s current price.
NVA has been the subject of a number of other reports. BMO Capital Markets raised their target price on shares of NuVista Energy from C$6.50 to C$7.25 in a report on Thursday, June 30th. Dundee Securities raised their target price on shares of NuVista Energy from C$8.00 to C$8.50 in a report on Tuesday, June 14th. Scotiabank restated an “outperform” rating and issued a C$8.25 price target on shares of NuVista Energy in a research report on Wednesday, August 10th. Royal Bank Of Canada upped their price target on shares of NuVista Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Monday, October 3rd. Finally, Desjardins restated a “buy” rating and issued a C$7.00 price target on shares of NuVista Energy in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$7.95.
Shares of NuVista Energy (TSE:NVA) traded up 3.94% during mid-day trading on Wednesday, hitting $7.38. 1,545,960 shares of the stock traded hands. The stock has a 50-day moving average of $6.93 and a 200-day moving average of $6.31. NuVista Energy has a 52 week low of $2.72 and a 52 week high of $7.64. The company’s market cap is $1.16 billion.
About NuVista Energy
NuVista Energy Ltd. (NuVista) is an exploration and production company, which is engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company’s primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney).
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