Nuvista Energy Ltd (NVA) Given Consensus Rating of “Buy” by Analysts

Shares of Nuvista Energy Ltd (TSE:NVA) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$9.06.

A number of equities 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 lowered their price target for the stock from C$9.75 to C$9.00 in a report on Tuesday. 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. Royal Bank of Canada lowered their price target on shares of Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Wednesday, November 1st. Eight Capital raised shares of Nuvista Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from C$9.00 to C$10.25 in a report on Wednesday, November 1st. Finally, BMO Capital Markets increased their price target on shares of Nuvista Energy from C$8.00 to C$9.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st.

Shares of Nuvista Energy (TSE NVA) traded down C$0.05 during trading on Tuesday, hitting C$7.90. 385,539 shares of the stock were exchanged, compared to its average volume of 326,506. Nuvista Energy has a 52-week low of C$5.33 and a 52-week high of C$8.87. The stock has a market capitalization of $1,370.00, a P/E ratio of 22.57 and a beta of 0.19.

In related news, Director Deborah Susan Stein bought 3,450 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of C$8.00 per share, with a total value of C$27,600.00.

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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).

Analyst Recommendations for Nuvista Energy (TSE:NVA)

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