Nuvista Energy Ltd (TSE:NVA) had its target price reduced by equities researchers at Royal Bank Of Canada from C$10.00 to C$9.00 in a research report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock.
Several other research analysts also recently weighed in on the stock. CSFB lifted their target price on shares of Nuvista Energy from C$8.00 to C$9.75 and gave the stock an “outperform” rating in a research report on Wednesday, September 20th. Eight Capital reissued a “neutral” rating and issued a C$9.00 target price on shares of Nuvista Energy in a research report on Wednesday, September 27th. Raymond James Financial, Inc. dropped their target price on shares of Nuvista Energy from C$9.25 to C$8.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. TD Securities lifted their target price on shares of Nuvista Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, National Bank Financial lifted their target price on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$9.18.
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In related news, Director Keith A.J. Macphail sold 64,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of C$6.31, for a total transaction of C$406,995.00.
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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