NuVista Energy Ltd. (NVA) Price Target Cut to C$8.50
NuVista Energy Ltd. (TSE:NVA) had its price target lowered by research analysts at TD Securities from C$9.00 to C$8.50 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 20.91% from the stock’s previous close.
Several other research analysts have also issued reports on the stock. Dundee Securities cut their target price on shares of NuVista Energy from C$10.00 to C$8.50 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. Desjardins reissued a “buy” rating and set a C$8.00 target price on shares of NuVista Energy in a research note on Wednesday, August 10th. FirstEnergy Capital increased their target price on shares of NuVista Energy from C$8.00 to C$8.25 in a research note on Thursday, August 11th. Scotiabank reissued an “outperform” rating and set a C$8.50 target price on shares of NuVista Energy in a research note on Tuesday. Finally, AltaCorp Capital increased their target price on shares of NuVista Energy from C$7.50 to C$8.00 in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NuVista Energy presently has a consensus rating of “Buy” and an average price target of C$8.07.
NuVista Energy (TSE:NVA) opened at 7.03 on Tuesday. The stock’s 50 day moving average is $7.01 and its 200 day moving average is $6.66. The firm’s market capitalization is $1.10 billion. NuVista Energy has a 1-year low of $2.72 and a 1-year high of $7.80.
About NuVista Energy
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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