Nuvista Energy Ltd (TSE:NVA) Receives Average Rating of “Buy” from Analysts
Nuvista Energy Ltd (TSE:NVA) has earned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$8.62.
NVA has been the topic of a number of research reports. Raymond James Financial, Inc. decreased their price objective on Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Thursday, May 11th. CSFB reaffirmed an “outperform” rating and issued a C$8.50 price objective on shares of Nuvista Energy in a report on Thursday, May 11th. Finally, BMO Capital Markets upped their price objective 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.
In other news, Director Grant A. Zawalsky sold 6,343 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of C$7.54, for a total transaction of C$47,826.22.
Shares of Nuvista Energy (TSE:NVA) traded down 0.16% on Tuesday, reaching $6.18. The company had a trading volume of 24,285 shares. Nuvista Energy has a 52-week low of $5.33 and a 52-week high of $7.80. The company’s 50-day moving average price is $6.82 and its 200-day moving average price is $6.50. The firm has a market capitalization of $1.07 billion and a price-to-earnings ratio of 30.15.
Nuvista Energy Company Profile
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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