Nuvista Energy (TSE:NVA) Stock Passes Above 200-Day Moving Average of $2.39

Nuvista Energy Ltd (TSE:NVA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.39 and traded as high as $2.52. Nuvista Energy shares last traded at $2.42, with a volume of 356,866 shares.

A number of equities analysts recently weighed in on the company. Desjardins decreased their price objective on Nuvista Energy from C$7.00 to C$5.50 in a report on Thursday, August 8th. Royal Bank of Canada reduced their price target on shares of Nuvista Energy from C$5.00 to C$4.00 in a research report on Friday, October 18th. Raymond James restated an “outperform” rating and issued a C$4.00 price objective on shares of Nuvista Energy in a report on Tuesday, November 12th. National Bank Financial reduced their target price on shares of Nuvista Energy from C$6.00 to C$5.25 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Finally, BMO Capital Markets decreased their target price on shares of Nuvista Energy from C$5.50 to C$4.00 in a research report on Thursday, August 8th. Seven investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$5.27.

The stock has a market cap of $547.90 million and a PE ratio of 7.86. The business has a 50 day moving average price of C$2.23 and a two-hundred day moving average price of C$2.37. The company has a debt-to-equity ratio of 50.37, a current ratio of 1.18 and a quick ratio of 0.80.

About Nuvista Energy (TSE:NVA)

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.

Further Reading: Bond

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