Nuvista Energy Ltd (NVA) Receives Average Rating of “Buy” from Analysts

Nuvista Energy Ltd (TSE:NVA) has earned a consensus rating of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$8.44.

A number of equities research analysts have commented on NVA shares. National Bank Financial reduced their price objective on Nuvista Energy from C$11.50 to C$8.00 in a research note on Monday, December 10th. GMP Securities cut their target price on Nuvista Energy from C$9.75 to C$7.50 in a research report on Thursday, December 13th. BMO Capital Markets reaffirmed an “average” rating and set a C$6.50 target price on shares of Nuvista Energy in a research report on Monday, January 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a C$6.00 target price (down previously from C$9.00) on shares of Nuvista Energy in a research report on Monday, January 7th. Finally, Canaccord Genuity cut Nuvista Energy from a “buy” rating to a “hold” rating and cut their target price for the company from C$7.50 to C$5.00 in a research report on Thursday, January 10th.

Nuvista Energy stock traded up C$0.08 during mid-day trading on Thursday, reaching C$4.34. The stock had a trading volume of 171,907 shares, compared to its average volume of 1,151,359. The company has a debt-to-equity ratio of 33.69, a quick ratio of 0.52 and a current ratio of 0.92. Nuvista Energy has a fifty-two week low of C$3.38 and a fifty-two week high of C$9.89. The stock has a market capitalization of $989.09 million and a PE ratio of 6.11.

In related news, Director Keith A.J. Macphail sold 10,000 shares of Nuvista Energy stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$4.50, for a total transaction of C$45,000.00. Following the transaction, the director now owns 2,497,042 shares of the company’s stock, valued at C$11,236,689. In the last ninety days, insiders have sold 40,000 shares of company stock worth $182,600.

About Nuvista Energy

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.

See Also: What is the outlook for the FAANG stocks?

Analyst Recommendations for Nuvista Energy (TSE:NVA)

Receive News & Ratings for Nuvista Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuvista Energy and related companies with's FREE daily email newsletter.