Canaccord Genuity Cuts Nuvista Energy (NVA) Price Target to C$7.50
Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reduced their target price on shares of Nuvista Energy from C$11.00 to C$9.00 and set an outperform rating on the stock in a report on Tuesday. CIBC reduced their target price on shares of Nuvista Energy from C$12.50 to C$10.50 in a report on Tuesday. Raymond James increased their target price on shares of Nuvista Energy from C$13.50 to C$14.50 and gave the company a strong-buy rating in a report on Wednesday, August 8th. TD Securities reduced their target price on shares of Nuvista Energy from C$11.50 to C$10.00 and set a buy rating on the stock in a report on Wednesday, September 5th. Finally, National Bank Financial raised shares of Nuvista Energy from a sector perform rating to an outperform rating and increased their target price for the company from C$11.00 to C$12.00 in a report on Wednesday, August 8th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Nuvista Energy has an average rating of Buy and an average target price of C$10.39.
NVA stock opened at C$4.38 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.34 and a debt-to-equity ratio of 25.38. Nuvista Energy has a 52 week low of C$4.31 and a 52 week high of C$9.89.
About Nuvista Energy
NuVista Energy Ltd., an exploration and production company, engages in the development, delineation, and production of condensate, 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.
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