Nuvista Energy Ltd (TSE:NVA) Receives Consensus Recommendation of “Buy” from Brokerages

Nuvista Energy Ltd (TSE:NVA) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the company, reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$5.77.

A number of equities analysts recently issued reports on NVA shares. GMP Securities reduced their target price on Nuvista Energy from C$7.50 to C$6.00 in a research note on Friday, June 28th. National Bank Financial reduced their target price on Nuvista Energy from C$7.25 to C$6.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. CSFB restated an “outperform” rating and issued a C$4.00 target price on shares of Nuvista Energy in a research note on Tuesday, July 16th. BMO Capital Markets reduced their target price on Nuvista Energy from C$5.50 to C$4.00 in a research note on Thursday, August 8th. Finally, Desjardins reduced their target price on Nuvista Energy from C$7.00 to C$5.50 in a research note on Thursday, August 8th.

NVA stock traded down C$0.11 during midday trading on Wednesday, reaching C$1.70. The stock had a trading volume of 1,611,672 shares, compared to its average volume of 1,194,787. The firm has a market cap of $408.11 million and a PE ratio of 4.50. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 39.99. The firm has a fifty day simple moving average of C$2.46. Nuvista Energy has a 52-week low of C$1.67 and a 52-week high of C$8.02.

In related news, Senior Officer Ross Lloyd Andreachuk purchased 19,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost 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 of the company’s stock, valued at C$194,526.36. Insiders have acquired a total of 30,650 shares of company stock worth $86,523 over the last ninety days.

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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Analyst Recommendations for Nuvista Energy (TSE:NVA)

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