Nuvista Energy Ltd (NVA) Receives Average Rating of “Buy” from Brokerages
Nuvista Energy Ltd (TSE:NVA) has received a consensus recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$9.18.
Several equities analysts have commented on the company. National Bank Financial upped their price objective on Nuvista Energy from C$9.25 to C$9.75 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Royal Bank Of Canada cut their price objective on Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 1st. BMO Capital Markets upped their price objective on Nuvista Energy from C$8.00 to C$9.00 and gave the company a “market perform” rating in a research report on Wednesday, November 1st. Eight Capital raised Nuvista Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$9.00 to C$10.25 in a research report on Wednesday, November 1st. Finally, CSFB upped their price objective on Nuvista Energy from C$8.00 to C$9.75 and gave the company an “outperform” rating in a research report on Wednesday, September 20th.
In related news, Director Keith A.J. Macphail sold 64,500 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of C$6.31, for a total transaction of C$406,995.00.
Nuvista Energy (NVA) traded down C$0.08 during trading hours on Monday, reaching C$8.18. The company had a trading volume of 123,822 shares, compared to its average volume of 555,142. Nuvista Energy has a one year low of C$5.33 and a one year high of C$8.87.
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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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