NuVista Energy Ltd. (TSE:NVA) had its price objective boosted by Royal Bank Of Canada from C$8.00 to C$9.00 in a report released on Monday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 33.14% from the company’s previous close.
Several other analysts have also recently weighed in on the company. Raymond James Financial Inc. raised their price target on NuVista Energy from C$8.00 to C$8.50 in a report on Tuesday, June 14th. Desjardins reaffirmed a “buy” rating and issued a C$7.00 price target on shares of NuVista Energy in a report on Tuesday, June 14th. TD Securities raised their price target on NuVista Energy from C$7.50 to C$8.00 and gave the company a “buy” rating in a report on Tuesday, June 14th. Dundee Securities raised their price target on NuVista Energy from C$8.00 to C$8.50 in a report on Tuesday, June 14th. Finally, BMO Capital Markets raised their price target on NuVista Energy from C$6.25 to C$6.50 and gave the company a “market perform” rating in a report on Tuesday, June 14th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$7.88.
Shares of NuVista Energy (TSE:NVA) opened at 6.80 on Monday. NuVista Energy has a one year low of $2.72 and a one year high of $7.64. The company’s market capitalization is $1.07 billion. The company has a 50-day moving average price of $6.94 and a 200 day moving average price of $6.19.
NuVista Energy Company Profile
NuVista Energy Ltd. (NuVista) is an exploration and production company, which is engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company’s primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney).
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