Nuvista Energy Ltd (NVA) Given Neutral Rating at Eight Capital
Several other equities research analysts also recently commented on the company. BMO Capital Markets raised their target price on Nuvista Energy from C$6.50 to C$7.00 and gave the company a market perform rating in a report on Monday, June 5th. CSFB raised their target price on Nuvista Energy from C$8.00 to C$9.75 and gave the company an outperform rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. dropped their target price on Nuvista Energy from C$9.25 to C$8.50 and set an outperform rating on the stock in a report on Wednesday, August 9th. TD Securities raised their target price on Nuvista Energy from C$8.00 to C$8.50 and gave the company a buy rating in a report on Thursday, August 10th. Finally, National Bank Financial raised their target price on Nuvista Energy from C$7.75 to C$8.25 and gave the company an outperform rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$8.71.
Nuvista Energy (TSE NVA) opened at 7.55 on Wednesday. The stock’s 50 day moving average price is $6.55 and its 200-day moving average price is $6.46. Nuvista Energy has a 12 month low of $5.33 and a 12 month high of $7.99. The firm has a market capitalization of $1.31 billion and a P/E ratio of 18.88.
In other Nuvista Energy news, Director Keith A.J. Macphail sold 64,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of C$6.31, for a total transaction of C$406,995.00.
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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