Nuvista Energy (TSE:NVA) Lifted to Outperform at BMO Capital Markets

Nuvista Energy (TSE:NVA) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, January 11th. The firm presently has a C$9.50 price target on the stock. BMO Capital Markets’ target price would indicate a potential upside of 12.16% from the company’s previous close.

NVA has been the subject of a number of other reports. Eight Capital restated a “neutral” rating and set a C$9.00 price objective on shares of Nuvista Energy in a research note on Wednesday, September 27th. National Bank Financial lifted their price target on shares of Nuvista Energy from C$9.25 to C$9.75 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Royal Bank of Canada reduced their price target on shares of Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. Finally, CSFB lifted their price target on shares of Nuvista Energy from C$8.00 to C$9.75 and gave the stock an “outperform” rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$9.16.

Nuvista Energy (NVA) traded down C$0.14 during trading hours on Thursday, reaching C$8.47. 486,459 shares of the company’s stock were exchanged, compared to its average volume of 447,904. The company has a market cap of $1,500.00, a price-to-earnings ratio of 24.60 and a beta of 0.37. Nuvista Energy has a 1-year low of C$5.33 and a 1-year high of C$9.16.

In other Nuvista Energy news, Director Deborah Susan Stein bought 3,450 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average cost 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).

Analyst Recommendations for Nuvista Energy (TSE:NVA)

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