NuVista Energy Ltd. (TSE:NVA) had its target price dropped by research analysts at Dundee Securities from C$10.00 to C$8.50 in a report released on Wednesday. The firm presently has a “buy” rating on the stock. Dundee Securities’ price target would suggest a potential upside of 12.58% from the company’s previous close.
Other equities analysts have also issued reports about the company. Raymond James Financial Inc. increased their price objective on NuVista Energy from C$8.00 to C$8.50 in a research report on Tuesday, June 14th. Canaccord Genuity increased their price objective on NuVista Energy from C$7.25 to C$8.00 in a research report on Monday, July 25th. BMO Capital Markets increased their price objective on NuVista Energy from C$6.50 to C$7.25 in a research report on Thursday, June 30th. Desjardins set a C$7.50 price objective on NuVista Energy in a research report on Tuesday, June 28th. Finally, CSFB increased their price objective on NuVista Energy from C$8.25 to C$9.00 in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. NuVista Energy currently has a consensus rating of “Buy” and an average target price of C$7.95.
NuVista Energy (TSE:NVA) opened at 7.55 on Wednesday. The firm has a 50-day moving average price of $6.94 and a 200 day moving average price of $6.33. The firm’s market capitalization is $1.18 billion. NuVista Energy has a 52 week low of $2.72 and a 52 week high of $7.64.
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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