Nuvista Energy Ltd (TSE:NVA) has received an average rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is C$9.53.
Several research analysts have recently issued reports on NVA shares. National Bank Financial downgraded shares of Nuvista Energy from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$9.75 to C$9.00 in a report on Tuesday, January 9th. BMO Capital Markets upgraded shares of Nuvista Energy from a “market perform” rating to an “outperform” rating and set a C$9.50 price objective on the stock in a report on Thursday, January 11th. Finally, Desjardins boosted their price objective on shares of Nuvista Energy from C$10.75 to C$11.50 in a report on Wednesday, February 14th.
Nuvista Energy (TSE NVA) traded down C$0.41 during trading hours on Wednesday, hitting C$7.44. 938,235 shares of the stock traded hands, compared to its average volume of 481,641. Nuvista Energy has a one year low of C$5.33 and a one year high of C$9.16. The company has a market cap of $1,290.00, a P/E ratio of 21.26 and a beta of 0.45.
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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