Nuvista Energy Ltd (NVA) Price Target Cut to C$8.50 by Analysts at Raymond James Financial, Inc.

Nuvista Energy Ltd (TSE:NVA) had its target price decreased by Raymond James Financial, Inc. from C$9.25 to C$8.50 in a research note issued to investors on Wednesday, August 9th. Raymond James Financial, Inc. currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on NVA. BMO Capital Markets upped their price objective on shares of Nuvista Energy from C$6.50 to C$7.00 and gave the stock a market perform rating in a research report on Monday, June 5th. CSFB restated an outperform rating and issued a C$8.50 price objective on shares of Nuvista Energy in a research report on Thursday, May 11th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of C$8.57.

Nuvista Energy (TSE NVA) traded up 0.32% during trading on Wednesday, reaching $6.30. 143,834 shares of the company’s stock traded hands. Nuvista Energy has a 52-week low of $5.33 and a 52-week high of $7.80. The stock has a market cap of $1.09 billion and a price-to-earnings ratio of 15.75. The company’s 50 day moving average is $6.31 and its 200-day moving average is $6.39.

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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).

Analyst Recommendations for Nuvista Energy (TSE:NVA)

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