Nuvista Energy (TSE:NVA) had its target price lowered by research analysts at Raymond James from C$1.50 to C$1.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ target price would indicate a potential upside of 96.08% from the stock’s previous close.
A number of other research firms also recently weighed in on NVA. TD Securities cut their target price on Nuvista Energy from C$5.50 to C$4.75 and set a “buy” rating for the company in a research report on Thursday, March 5th. CSFB downgraded Nuvista Energy from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Royal Bank of Canada downgraded Nuvista Energy from an “outperform” rating to a “sector perform” rating and set a C$1.00 target price for the company. in a research report on Monday, March 16th. Credit Suisse Group upped their target price on Nuvista Energy from C$3.25 to C$3.50 in a research report on Friday, January 17th. Finally, Tudor Pickering & Holt set a C$4.00 target price on Nuvista Energy and gave the stock a “buy” rating in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$3.77.
Shares of TSE NVA opened at C$0.51 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 47.63. The stock has a 50 day simple moving average of C$1.57 and a 200-day simple moving average of C$2.26. The company has a market cap of $124.08 million and a PE ratio of -1.80. Nuvista Energy has a 12-month low of C$0.24 and a 12-month high of C$5.19.
In related news, Director Pentti Olavi Karkkainen purchased 24,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were bought at an average price of C$1.10 per share, with a total value of C$26,400.00. Following the completion of the acquisition, the director now owns 100,000 shares of the company’s stock, valued at C$110,000. Also, Senior Officer Ross Lloyd Andreachuk purchased 14,336 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average cost of C$2.83 per share, for a total transaction of C$40,570.88. Following the acquisition, the insider now directly owns 91,529 shares of the company’s stock, valued at approximately C$259,027.07. Insiders acquired 88,336 shares of company stock worth $86,346 in the last ninety days.
About Nuvista Energy
NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and 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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