Could Nuvista Energy Ltd See a Reversal After This Very Weak Session?

 Could Nuvista Energy Ltd See a Reversal After This Very Weak Session?

The stock of Nuvista Energy Ltd (TSE:NVA) is a huge mover today! About 14,266 shares traded hands. Nuvista Energy Ltd (TSE:NVA) has risen 38.48% since April 20, 2016 and is uptrending. It has outperformed by 33.07% the S&P500.
The move comes after 9 months negative chart setup for the $1.21B company. It was reported on Nov, 24 by Barchart.com. We have $6.42 PT which if reached, will make TSE:NVA worth $108.90 million less.

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. Nuvista Energy Ltd. has been the topic of 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Scotia Capital given on Thursday, August 11. Desjardins Securities maintained it with “” rating and $7.50 target price in Tuesday, June 28 report. RBC Capital Markets maintained Nuvista Energy Ltd (TSE:NVA) on Monday, October 31 with “Outperform” rating. BMO Capital Markets initiated the shares of NVA in a report on Friday, February 12 with “Market Perform” rating. The rating was maintained by TD Securities with “Buy” on Friday, August 12. The stock of Nuvista Energy Ltd (TSE:NVA) earned “” rating by Raymond James on Monday, June 6. TD Securities maintained the stock with “Buy” rating in Wednesday, August 12 report. On Thursday, August 11 the stock rating was maintained by Desjardins Securities with “Buy”.

More 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 published the news titled: “NuVista Energy Ltd. Announces Closing of Equity Financing” on October 28, 2016. Marketwired.com‘s news article titled: “NuVista Energy Ltd. Announces Bought Deal Financing and Concurrent Private …” with publication date: April 07, 2015 was also an interesting one.

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 $1.21 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.

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