Nuvista Energy Ltd (TSE:NVA) Receives C$6.83 Average PT from Brokerages

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.

In other Nuvista Energy news, Senior Officer Ross Lloyd Andreachuk purchased 19,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average price of C$2.52 per share, for a total transaction of C$47,880.00. Following the completion of the acquisition, the insider now owns 77,193 shares of the company’s stock, valued at approximately C$194,526.36. Insiders purchased 30,650 shares of company stock worth $86,523 in the last 90 days.

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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Analyst Recommendations for Nuvista Energy (TSE:NVA)

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