Nuvista Energy (TSE:NVA) had its target price cut by Royal Bank of Canada from C$7.00 to C$5.00 in a research report released on Thursday, BayStreet.CA reports.
Several other research firms have also recently weighed in on NVA. Canaccord Genuity restated a buy rating and issued a $7.50 price objective on shares of in a research report on Tuesday, July 9th. National Bank Financial dropped their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. CSFB restated a neutral rating and issued a C$32.00 price objective on shares of Vermilion Energy in a research report on Tuesday, July 16th. BMO Capital Markets restated a buy rating and issued a $50.00 price objective on shares of Fortis in a research report on Tuesday, April 16th. Finally, Raymond James set a $31.00 target price on shares of Mylan and gave the stock a buy rating in a report on Wednesday, May 8th. Seven research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of C$6.83.
NVA stock opened at C$2.53 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 39.99. The stock has a 50 day moving average of C$2.65. Nuvista Energy has a fifty-two week low of C$2.45 and a fifty-two week high of C$9.56. The company has a market cap of $570.09 million and a PE ratio of 6.69.
In other Nuvista Energy news, Senior Officer Ross Lloyd Andreachuk bought 19,000 shares of the stock in a transaction on Friday, June 14th. The stock was purchased at an average price of C$2.52 per share, with a total value of C$47,880.00. Following the acquisition, the insider now owns 77,193 shares of the company’s stock, valued at C$194,526.36. Insiders have acquired a total of 34,650 shares of company stock valued at $100,563 in the last ninety days.
About Nuvista Energy
NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and oil and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.
See Also: What is the role of the G-20?
Receive News & Ratings for Nuvista Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuvista Energy and related companies with MarketBeat.com's FREE daily email newsletter.