Nuvista Energy (NVA) Raised to “Outperform” at BMO Capital Markets
Nuvista Energy (TSE:NVA) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Thursday. The brokerage currently has a C$9.50 price objective on the stock. BMO Capital Markets’ target price suggests a potential upside of 22.11% from the company’s previous close.
NVA has been the subject of several other research reports. Eight Capital restated a “neutral” rating and issued a C$9.00 target price on shares of Nuvista Energy in a research report on Wednesday, September 27th. National Bank Financial upped their price target on shares of Nuvista Energy from C$9.25 to C$9.75 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Royal Bank of Canada reduced their price target on shares of Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. Finally, CSFB upped 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 research note on Wednesday, September 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Nuvista Energy currently has an average rating of “Buy” and an average price target of C$9.11.
Nuvista Energy (NVA) traded down C$0.16 during midday trading on Thursday, reaching C$7.78. 320,945 shares of the company’s stock traded hands, compared to its average volume of 326,996. Nuvista Energy has a 1 year low of C$5.33 and a 1 year high of C$8.87. The company has a market cap of $1,350.00, a PE ratio of 22.23 and a beta of 0.19.
In related news, Director Deborah Susan Stein purchased 3,450 shares of Nuvista Energy stock in a transaction dated Wednesday, December 6th. The stock was bought 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).
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