The stock of Newalta Corporation (TSE:NAL) is a huge mover today! About 419,774 shares traded hands or 118.22% up from the average. Newalta Corporation (TSE:NAL) has risen 28.25% since March 28, 2016 and is uptrending. It has outperformed by 25.23% the S&P500.
The move comes after 8 months negative chart setup for the $196.60 million company. It was reported on Nov, 1 by Barchart.com. We have $1.94 PT which if reached, will make TSE:NAL worth $27.52 million less.
Newalta Corporation (TSE:NAL) Ratings Coverage
Out of 6 analysts covering Newalta Corporation (TSE:NAL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $21 is the highest target while $1.50 is the lowest. The $7.86 average target is 249.33% above today’s ($2.25) stock price. Newalta Corporation has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Thursday, November 5, the company rating was downgraded by National Bank Canada. The stock of Newalta Corporation (TSE:NAL) earned “Outperform” rating by Scotia Capital on Friday, August 7. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, November 17. As per Tuesday, July 21, the company rating was upgraded by Scotia Capital. The rating was maintained by TD Securities with “Buy” on Friday, August 7. The stock of Newalta Corporation (TSE:NAL) has “Outperform” rating given on Friday, June 3 by National Bank Canada. The rating was maintained by Stifel Nicolaus on Wednesday, August 19 with “Buy”. The company was downgraded on Tuesday, January 19 by Stifel Nicolaus.
More notable recent Newalta Corporation (TSE:NAL) news were published by: Business.Financialpost.com which released: “Newalta Corp has tons of upside if it manages energy downturn â€“ Canaccord” on March 30, 2016, also Business.Financialpost.com with their article: “Newalta Corp shares jump on $300 million deal to sell industrial waste division” published on December 24, 2014, Marketwired.com published: “Newalta Completes Sale of Industrial Division” on February 27, 2015. More interesting news about Newalta Corporation (TSE:NAL) were released by: Globenewswire.com and their article: “Former Industrial Division of Newalta Becomes Terrapure Environmental” published on March 02, 2015 as well as Moodys.com‘s news article titled: “Moody’s downgrades Newalta CFR to Caa1; outlook negative” with publication date: March 22, 2016.
Newalta Corporation is a Canada-based well-known provider of engineered environmental solutions to the gas and oil industry. The company has a market cap of $196.60 million. The Company’s divisions include Heavy Oil and Oilfield. It currently has negative earnings. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.
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