National Bank Financial Lowers Nuvista Energy (NVA) to Sector Perform

Nuvista Energy (TSE:NVA) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Tuesday. They presently have a C$9.00 price objective on the stock, down from their prior price objective of C$9.75. National Bank Financial’s target price suggests a potential upside of 13.92% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets upped their price target on shares of Nuvista Energy from C$8.00 to C$9.00 and gave the company a “market perform” rating in a report on Wednesday, November 1st. Royal Bank of Canada lowered their price target on shares of Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Wednesday, November 1st. Eight Capital raised shares of Nuvista Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from C$9.00 to C$10.25 in a report 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 company an “outperform” rating in a report on Wednesday, September 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$9.06.

Shares of Nuvista Energy (TSE NVA) traded down C$0.05 on Tuesday, hitting C$7.90. 385,539 shares of the stock were exchanged, compared to its average volume of 326,506. Nuvista Energy has a 12-month low of C$5.33 and a 12-month high of C$8.87. The stock has a market capitalization of $1,370.00, a price-to-earnings ratio of 22.57 and a beta of 0.19.

In related news, Director Deborah Susan Stein purchased 3,450 shares of Nuvista Energy stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of C$8.00 per share, for a total transaction 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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