NVA has been the subject of a number of other research reports. National Bank Financial cut their price target on Nuvista Energy from C$12.00 to C$11.50 and set an outperform rating for the company in a research note on Tuesday, November 13th. Royal Bank of Canada reiterated a buy rating and set a C$6.00 price target (down previously from C$9.00) on shares of Nuvista Energy in a research note on Monday, January 7th. CIBC cut their price target on Nuvista Energy from C$12.50 to C$10.50 in a research note on Tuesday, November 13th. Raymond James reiterated an outperform rating and set a C$6.00 price target on shares of Nuvista Energy in a research note on Friday. Finally, Canaccord Genuity cut their price target on Nuvista Energy from C$11.00 to C$7.50 in a research note on Tuesday, November 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$8.56.
NVA stock opened at C$3.83 on Friday. The stock has a market cap of $855.54 million and a price-to-earnings ratio of 10.19. The company has a debt-to-equity ratio of 37.98, a current ratio of 0.60 and a quick ratio of 0.59. Nuvista Energy has a 52-week low of C$3.38 and a 52-week high of C$9.89.
In other news, insider Michael Lawford bought 12,300 shares of the company’s stock in a transaction on Friday, November 23rd. The shares were purchased at an average price of C$4.06 per share, with a total value of C$49,938.00. Also, insider Jonathan Andrew Wright bought 25,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were purchased at an average cost of C$3.88 per share, for a total transaction of C$97,000.00. In the last three months, insiders have acquired 295,800 shares of company stock worth $1,038,763.
About Nuvista Energy
NuVista Energy Ltd., an exploration and production company, engages in the development, delineation, and production of condensate, 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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