Nuvista Energy (TSE:NVA) had its price objective reduced by stock analysts at GMP Securities from C$7.50 to C$6.00 in a research note issued on Friday, June 28th, BayStreet.CA reports. GMP Securities’ price objective would indicate a potential upside of 137.15% from the stock’s previous close.
NVA has been the subject of several other reports. National Bank Financial reduced their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Eight Capital increased their price objective on Nuvista Energy from C$7.75 to C$9.50 in a research note on Wednesday, March 6th. CIBC reduced their price objective on WestJet Airlines from C$22.00 to C$21.00 in a research note on Tuesday, April 23rd. Raymond James set a $31.00 price objective on Mylan and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Canaccord Genuity upped their target price on ServiceNow from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Seven investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$6.83.
Shares of TSE NVA traded up C$0.01 during mid-day trading on Friday, hitting C$2.53. 728,800 shares of the company traded hands, compared to its average volume of 1,070,332. Nuvista Energy has a 1 year low of C$2.45 and a 1 year high of C$9.56. The firm has a market cap of $570.09 million and a PE ratio of 6.69. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 39.99. The business’s 50 day moving average is C$2.65.
In other news, Senior Officer Ross Lloyd Andreachuk bought 19,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of C$2.52 per share, with a total value of C$47,880.00. Following the transaction, the insider now directly owns 77,193 shares in the company, valued at approximately C$194,526.36. Over the last ninety days, insiders acquired 34,650 shares of company stock worth $100,563.
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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