Nuvista Energy Ltd (NVA) Trading Up 4.4%

Nuvista Energy Ltd (TSE:NVA)’s share price was up 4.4% on Wednesday . The stock traded as high as C$7.18 and last traded at C$7.14. Approximately 175,153 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 347,324 shares. The stock had previously closed at C$6.84.

Several equities analysts have recently weighed in on NVA shares. BMO Capital Markets raised their price target on shares of Nuvista Energy from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research note on Monday, June 5th. Raymond James Financial, Inc. decreased their price target on shares of Nuvista Energy from C$9.25 to C$8.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 9th. TD Securities raised their price target on shares of Nuvista Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, National Bank Financial raised their price target on shares of Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$8.57.

The stock has a 50 day moving average of $6.42 and a 200-day moving average of $6.40. The stock has a market capitalization of $1.25 billion and a PE ratio of 17.98.

In other Nuvista Energy news, Director Keith A.J. Macphail sold 64,500 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of C$6.31, for a total value of C$406,995.00.

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Nuvista Energy Company Profile

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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