Nuvista Energy Ltd (NVA) Given Consensus Recommendation of “Buy” by Analysts
Nuvista Energy Ltd (TSE:NVA) has been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$8.70.
NVA has been the topic of a number of research analyst reports. CSFB increased their price target on shares of Nuvista Energy from C$8.00 to C$9.75 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. Eight Capital reissued a “neutral” rating and issued a C$9.00 price target on shares of Nuvista Energy in a report on Wednesday, September 27th. TD Securities increased their price target on shares of 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 increased their price target on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. decreased their price target on shares of 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.
Nuvista Energy (TSE NVA) remained flat at $7.18 during mid-day trading on Thursday. The company’s stock had a trading volume of 79,894 shares. The stock has a 50 day moving average of $7.28 and a 200 day moving average of $6.72. The stock has a market cap of $1.24 billion and a PE ratio of 17.95. Nuvista Energy has a 52 week low of $5.33 and a 52 week high of $8.02.
In other Nuvista Energy news, Director Keith A.J. Macphail sold 64,500 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of C$6.31, for a total value 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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