Nuvista Energy Ltd (TSE:NVA) had its price objective cut by equities research analysts at Royal Bank Of Canada from C$10.00 to C$9.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 12.22% from the company’s current price.
Other equities analysts also recently issued reports about the company. Eight Capital upgraded Nuvista Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$9.00 to C$10.25 in a research report on Wednesday. BMO Capital Markets lifted their target price on Nuvista Energy from C$8.00 to C$9.00 and gave the company a “market perform” rating in a research report on Wednesday. National Bank Financial lifted their target price on Nuvista Energy from C$7.75 to C$8.25 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. lowered their target price on Nuvista Energy from C$9.25 to C$8.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Finally, TD Securities lifted their target price on Nuvista Energy from C$8.00 to C$8.50 and gave the company a “buy” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$9.03.
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In other Nuvista Energy news, Director Keith A.J. Macphail sold 64,500 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of C$6.31, for a total transaction of C$406,995.00.
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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