Dundee Securities Lowers NuVista Energy Ltd. (NVA) Price Target to C$8.50
NuVista Energy Ltd. (TSE:NVA) had its target price decreased by stock analysts at Dundee Securities from C$10.00 to C$8.50 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Dundee Securities’ price objective suggests a potential upside of 13.64% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of NuVista Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Monday, October 3rd. TD Securities reissued a “buy” rating and issued a C$8.00 price objective on shares of NuVista Energy in a report on Monday, June 20th. Canaccord Genuity upped their price objective on shares of NuVista Energy from C$7.25 to C$8.00 in a report on Monday, July 25th. Raymond James Financial Inc. upped their price objective on shares of NuVista Energy from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Finally, Scotiabank reissued an “outperform” rating and issued a C$8.25 price objective on shares of NuVista Energy in a report on Wednesday, August 10th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$7.95.
NuVista Energy (TSE:NVA) remained flat at $7.48 during trading on Wednesday. 463,050 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $6.93 and a 200-day moving average of $6.32. The firm’s market capitalization is $1.17 billion. NuVista Energy has a one year low of $2.72 and a one year high of $7.64.
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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