Nuvista Energy (NVA) Given a C$6.50 Price Target at BMO Capital Markets

Nuvista Energy (TSE:NVA) has been given a C$6.50 price target by equities research analysts at BMO Capital Markets in a report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 33.47% from the stock’s current price.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reiterated a “buy” rating and issued a C$6.00 price objective (down from C$9.00) on shares of Nuvista Energy in a research report on Monday, January 7th. Canaccord Genuity downgraded shares of Nuvista Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from C$7.50 to C$5.00 in a research report on Thursday, January 10th. Cormark cut their price objective on shares of Nuvista Energy from C$10.00 to C$8.00 in a research report on Friday, February 8th. Raymond James restated an “outperform” rating and set a C$6.00 price target on shares of Nuvista Energy in a research report on Friday, February 8th. Finally, TD Securities dropped their price target on shares of Nuvista Energy from C$8.50 to C$8.00 and set a “buy” rating on the stock in a research report on Friday, February 8th. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$8.52.

Shares of TSE NVA traded down C$0.16 during midday trading on Tuesday, hitting C$4.87. The company’s stock had a trading volume of 499,320 shares, compared to its average volume of 1,141,861. Nuvista Energy has a 1-year low of C$3.38 and a 1-year high of C$9.89. The company has a debt-to-equity ratio of 33.69, a quick ratio of 0.52 and a current ratio of 0.92. The firm has a market capitalization of $1.10 billion and a PE ratio of 6.87.

In related news, Director Keith A.J. Macphail sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$4.68, for a total value of C$46,800.00. Following the sale, the director now directly owns 2,487,042 shares in the company, valued at approximately C$11,639,356.56. Insiders sold a total of 40,000 shares of company stock worth $182,600 over the last quarter.

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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