NuVista Energy Ltd. (NVA) Rating Reiterated by Scotiabank
NuVista Energy Ltd. (TSE:NVA)‘s stock had its “outperform” rating restated by analysts at Scotiabank in a note issued to investors on Tuesday. They currently have a C$8.50 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 20.91% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Dundee Securities decreased their price objective on shares of NuVista Energy from C$10.00 to C$8.50 and set a “buy” rating for the company in a research report on Wednesday, October 12th. Desjardins reiterated a “buy” rating and set a C$8.00 price objective on shares of NuVista Energy in a research report on Wednesday, August 10th. TD Securities reiterated a “buy” rating and set a C$8.50 price objective on shares of NuVista Energy in a research report on Thursday, August 11th. FirstEnergy Capital increased their price objective on shares of NuVista Energy from C$8.00 to C$8.25 in a research report on Thursday, August 11th. Finally, AltaCorp Capital increased their price objective on shares of NuVista Energy from C$7.50 to C$8.00 in a research 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 currently has an average rating of “Buy” and a consensus target price of C$8.07.
Shares of NuVista Energy (TSE:NVA) opened at 7.03 on Tuesday. The firm’s 50-day moving average is $7.01 and its 200-day moving average is $6.66. The company’s market capitalization is $1.10 billion. NuVista Energy has a 12-month low of $2.72 and a 12-month high of $7.80.
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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