Shares of Nuvista Energy Ltd (TSE:NVA) have been assigned an average recommendation of “Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$5.77.
Several research analysts have recently weighed in on the stock. National Bank Financial cut their price objective on shares of Nuvista Energy from C$7.25 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. GMP Securities cut their price objective on shares of Nuvista Energy from C$7.50 to C$6.00 in a report on Friday, June 28th. Desjardins cut their price objective on shares of Nuvista Energy from C$7.00 to C$5.50 in a report on Thursday. CIBC cut their price objective on shares of Nuvista Energy from C$5.50 to C$5.25 in a report on Thursday. Finally, Eight Capital cut their price objective on shares of Nuvista Energy from C$8.50 to C$6.00 in a report on Thursday.
Shares of NVA stock traded down C$0.18 during trading hours on Wednesday, hitting C$1.84. 1,703,153 shares of the company were exchanged, compared to its average volume of 1,182,244. The stock has a market cap of $455.46 million and a price-to-earnings ratio of 4.87. Nuvista Energy has a 1 year low of C$1.82 and a 1 year high of C$8.02. The company has a debt-to-equity ratio of 39.99, a quick ratio of 0.52 and a current ratio of 0.90. The business’s fifty day moving average price is C$2.54.
Nuvista Energy Company Profile
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.
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