Nuvista Energy (TSE:NVA) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday, January 9th. They presently have a C$9.00 price objective on the stock, down from their previous price objective of C$9.75. National Bank Financial’s target price points to a potential upside of 4.53% from the stock’s previous close.
Several other brokerages have also commented on NVA. CSFB boosted their price objective on Nuvista Energy from C$8.00 to C$9.75 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. Royal Bank of Canada cut their price objective on Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Wednesday, November 1st. Eight Capital raised Nuvista Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from C$9.00 to C$10.25 in a report on Wednesday, November 1st. Finally, BMO Capital Markets boosted their price objective on Nuvista Energy from C$8.00 to C$9.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$9.16.
Nuvista Energy (NVA) traded down C$0.11 during mid-day trading on Tuesday, reaching C$8.61. The company’s stock had a trading volume of 651,400 shares, compared to its average volume of 392,239. Nuvista Energy has a 1-year low of C$5.33 and a 1-year high of C$9.16. The stock has a market cap of $1,500.00, a price-to-earnings ratio of 24.60 and a beta of 0.37.
Nuvista Energy (TSE:NVA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported C$0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.03. Nuvista Energy had a negative return on equity of 2.12% and a negative net margin of 5.40%. The company had revenue of C$83.10 million during the quarter, compared to analyst estimates of C$81.60 million.
In other news, Director Deborah Susan Stein bought 3,450 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of C$8.00 per share, for a total transaction of C$27,600.00.
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About Nuvista Energy
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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