Nuvista Energy (NVA) Upgraded by National Bank Financial to “Outperform”
Nuvista Energy (TSE:NVA) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday. The brokerage currently has a C$10.00 price target on the stock, up from their previous price target of C$9.00. National Bank Financial’s target price suggests a potential upside of 24.38% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Desjardins increased their price target on shares of Nuvista Energy from C$10.75 to C$11.50 in a report on Wednesday. Eight Capital raised shares of Nuvista Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from C$9.00 to C$10.25 in a report on Wednesday, November 1st. BMO Capital Markets increased their price target on shares of Nuvista Energy from C$8.00 to C$9.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Finally, Royal Bank of Canada cut their price target on shares of Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Wednesday, November 1st. Eight research analysts have rated the stock with a buy rating, Nuvista Energy has a consensus rating of “Buy” and a consensus target price of C$9.53.
Nuvista Energy (NVA) traded up C$0.21 during midday trading on Wednesday, reaching C$8.04. 456,154 shares of the company traded hands, compared to its average volume of 504,544. The stock has a market capitalization of $1,430.00, a PE ratio of 22.97 and a beta of 0.37. Nuvista Energy has a 52-week low of C$5.33 and a 52-week high of C$9.16.
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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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