Nuvista Energy (TSE:NVA) had its price objective reduced by Royal Bank of Canada from C$7.00 to C$5.00 in a research note published on Thursday, BayStreet.CA reports.
NVA has been the topic of several other research reports. BMO Capital Markets reiterated a buy rating and set a $50.00 price objective on shares of Fortis in a report on Tuesday, April 16th. Raymond James set a $31.00 price objective on Mylan and gave the company a buy rating in a report on Wednesday, May 8th. CIBC cut their price objective on WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. GMP Securities reiterated a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Finally, CSFB reiterated a neutral rating and set a C$32.00 price objective on shares of Vermilion Energy in a report on Tuesday, July 16th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of C$6.83.
TSE:NVA opened at C$2.53 on Thursday. Nuvista Energy has a fifty-two week low of C$2.45 and a fifty-two week high of C$9.56. The company has a debt-to-equity ratio of 39.99, a current ratio of 0.90 and a quick ratio of 0.52. The company has a market cap of $570.09 million and a PE ratio of 6.69. The company’s 50-day simple moving average is C$2.65.
In other news, Senior Officer Ross Lloyd Andreachuk bought 19,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of C$2.52 per share, with a total value of C$47,880.00. Following the transaction, the insider now owns 77,193 shares in the company, valued at C$194,526.36. In the last three months, insiders purchased 34,650 shares of company stock worth $100,563.
Nuvista Energy Company Profile
NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and 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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