Scotiabank Boosts NuVista Energy (OTCMKTS:NUVSF) Price Target to C$15.50

NuVista Energy (OTCMKTS:NUVSFGet Rating) had its price objective increased by investment analysts at Scotiabank from C$14.50 to C$15.50 in a report issued on Wednesday, The Fly reports.

Several other equities analysts have also weighed in on the stock. CIBC raised their price objective on shares of NuVista Energy from C$12.00 to C$14.00 in a research report on Thursday, April 14th. Raymond James upgraded shares of NuVista Energy from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, April 26th. BMO Capital Markets raised their price target on shares of NuVista Energy from C$9.50 to C$11.50 in a report on Thursday, March 10th. Royal Bank of Canada raised their price objective on shares of NuVista Energy from C$11.00 to C$12.00 in a research report on Thursday, March 10th. Finally, National Bank Financial raised their price objective on shares of NuVista Energy from C$11.50 to C$14.50 in a research report on Thursday, April 14th. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NuVista Energy currently has an average rating of “Hold” and an average price target of $12.70.

Shares of NuVista Energy stock traded down $0.12 during trading hours on Wednesday, reaching $8.83. The company’s stock had a trading volume of 10,215 shares, compared to its average volume of 25,145. NuVista Energy has a one year low of $1.99 and a one year high of $9.80. The company’s 50 day simple moving average is $8.48 and its 200 day simple moving average is $6.84.

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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