Nuvista Energy (TSE:NVA) Stock Price Passes Above 200 Day Moving Average of $2.45

Nuvista Energy Ltd (TSE:NVA)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.45 and traded as high as $2.51. Nuvista Energy shares last traded at $2.51, with a volume of 975,711 shares traded.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Nuvista Energy from C$5.50 to C$4.00 in a research report on Thursday, August 8th. Raymond James reissued an “outperform” rating and issued a C$4.00 price objective on shares of Nuvista Energy in a research report on Tuesday, November 12th. Eight Capital dropped their price objective on shares of Nuvista Energy from C$8.50 to C$6.00 in a research report on Thursday, August 8th. Desjardins dropped their price objective on shares of Nuvista Energy from C$7.00 to C$5.50 in a research report on Thursday, August 8th. Finally, CIBC dropped their price objective on shares of Nuvista Energy from C$5.25 to C$4.00 in a research report on Tuesday, October 15th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$5.27.

The firm has a market capitalization of $514.08 million and a PE ratio of 7.96. The firm’s 50 day moving average price is C$2.14 and its two-hundred day moving average price is C$2.45. The company has a quick ratio of 0.80, a current ratio of 1.18 and a debt-to-equity ratio of 50.37.

Nuvista Energy Company Profile (TSE:NVA)

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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