NuVista Energy (TSE:NVA – Get Rating) had its price objective boosted by Cormark to C$18.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. Cormark’s target price indicates a potential upside of 49.13% from the company’s previous close.
A number of other equities analysts have also recently commented on NVA. Royal Bank of Canada boosted their price target on NuVista Energy from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Thursday, March 10th. CIBC raised their price target on shares of NuVista Energy from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. National Bankshares reduced their price target on shares of NuVista Energy from C$14.50 to C$11.50 in a research note on Thursday, April 14th. BMO Capital Markets increased their price objective on shares of NuVista Energy from C$9.50 to C$11.50 in a research note on Thursday, March 10th. Finally, Raymond James upgraded shares of NuVista Energy from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from C$14.50 to C$15.00 in a report on Tuesday, April 26th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NuVista Energy currently has a consensus rating of “Buy” and a consensus target price of C$12.05.
NuVista Energy stock traded up C$0.49 during trading hours on Wednesday, reaching C$12.07. 1,388,089 shares of the stock were exchanged, compared to its average volume of 1,478,538. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 37.70. NuVista Energy has a twelve month low of C$2.42 and a twelve month high of C$12.58. The company has a market cap of C$2.75 billion and a P/E ratio of 10.59. The stock has a 50 day moving average of C$10.74 and a two-hundred day moving average of C$8.66.
NuVista Energy Company Profile (Get Rating)
NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate rich Montney formation in the Wapiti area of the Alberta Deep Basin. The company was incorporated in 2003 and is headquartered in Calgary, Canada.
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