Could Nuvista Energy Ltd Change Direction After Today’s Huge Increase?

 Could Nuvista Energy Ltd Change Direction After Today's Huge Increase?

The stock of Nuvista Energy Ltd (TSE:NVA) is a huge mover today! About 117,814 shares traded hands. Nuvista Energy Ltd (TSE:NVA) has risen 40.54% since April 11, 2016 and is uptrending. It has outperformed by 36.61% the S&P500.
The move comes after 7 months positive chart setup for the $1.24B company. It was reported on Nov, 15 by Barchart.com. We have $11.83 PT which if reached, will make TSE:NVA worth $855.60 million more.

Nuvista Energy Ltd (TSE:NVA) Ratings Coverage

Out of 8 analysts covering Nuvista Energy Ltd. (TSE:NVA), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $10.25 is the highest target while $4.85 is the lowest. The $8.02 average target is 14.57% above today’s ($7) stock price. Nuvista Energy Ltd. has been the topic of 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 11 by Desjardins Securities. Desjardins Securities maintained the shares of NVA in a report on Tuesday, June 28 with “” rating. Raymond James maintained it with “” rating and $8 target price in Monday, June 6 report. The firm has “Market Perform” rating given on Friday, February 12 by BMO Capital Markets. The stock has “Buy” rating given by TD Securities on Wednesday, August 12. The rating was maintained by RBC Capital Markets on Monday, October 31 with “Outperform”. Scotia Capital maintained the shares of NVA in a report on Thursday, August 11 with “Outperform” rating. TD Securities maintained the shares of NVA in a report on Friday, August 12 with “Buy” rating.

More notable recent Nuvista Energy Ltd (TSE:NVA) news were published by: Marketwired.com which released: “NuVista Energy Ltd. Provides 5-Year Plan to 60000+ Boe/d, Announces New Gas …” on October 11, 2016, also Marketwired.com with their article: “NuVista Energy Ltd. Announces $21.5 Million CDE Flow Through Equity Financing” published on June 15, 2016, Marketwired.com published: “NuVista Energy Ltd. Announces Bought Deal Financing and Concurrent Private …” on April 07, 2015. More interesting news about Nuvista Energy Ltd (TSE:NVA) were released by: Businessinsider.com and their article: “BRIEF-Nuvista Energy Ltd expects production for 2017 to average about 28000 …” published on October 12, 2016 as well as Marketwired.com‘s news article titled: “NuVista Energy Ltd. Announces Closing of Equity Financing” with publication date: October 28, 2016.

NuVista Energy Ltd. 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 has a market cap of $1.24 billion. The Company’s primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney). It currently has negative earnings. The Company’s products include natural gas, and condensate and oil.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment