Shares of Nuvista Energy Ltd (TSE:NVA) have earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$6.83.
A number of equities analysts recently issued reports on the company. National Bank Financial cut their target price on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $2.50 target price on shares of in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a $7.50 target price on shares of in a report on Tuesday, July 9th. CIBC reiterated a “hold” rating and issued a $2.50 target price on shares of Advantage Oil & Gas in a report on Thursday. Finally, CSFB reiterated a “neutral” rating and issued a C$32.00 target price on shares of Vermilion Energy in a report on Tuesday.
Shares of Nuvista Energy stock traded up C$0.01 on Friday, reaching C$2.53. 728,800 shares of the company’s stock were exchanged, compared to its average volume of 1,070,332. The firm has a market cap of $570.09 million and a P/E ratio of 6.69. Nuvista Energy has a 52 week low of C$2.45 and a 52 week high of C$9.56. The business has a 50-day moving average price of C$2.65. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 39.99.
In other news, Senior Officer Ross Lloyd Andreachuk bought 19,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of C$2.52 per share, for a total transaction of C$47,880.00. Following the acquisition, the insider now directly owns 77,193 shares in the company, valued at C$194,526.36. Over the last quarter, insiders purchased 34,650 shares of company stock worth $100,563.
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.
See Also: Gross Domestic Product (GDP)
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