Nuvista Energy Ltd (NVA) Price Target Raised to C$9.75
Nuvista Energy Ltd (TSE:NVA) had its price target hoisted by CSFB from C$8.00 to C$9.75 in a research note issued on Wednesday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. CSFB’s price objective suggests a potential upside of 27.45% from the company’s previous close.
A number of other analysts also recently issued reports on the company. TD Securities lifted their price target on Nuvista Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Thursday, August 10th. National Bank Financial lifted their price target on Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Raymond James Financial, Inc. decreased their price target on Nuvista Energy from C$9.25 to C$8.50 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Finally, BMO Capital Markets lifted their price target on Nuvista Energy from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a report on Monday, June 5th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$8.68.
Shares of Nuvista Energy (TSE:NVA) traded up 2.88% during mid-day trading on Wednesday, reaching $7.87. The company had a trading volume of 470,381 shares. Nuvista Energy has a 1-year low of $5.33 and a 1-year high of $7.94. The stock has a market capitalization of $1.36 billion and a price-to-earnings ratio of 19.67. The firm has a 50-day moving average price of $6.55 and a 200-day moving average price of $6.46.
In related news, Director Keith A.J. Macphail sold 64,500 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of C$6.31, for a total value of C$406,995.00.
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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