A Reversal for Nuvista Energy Ltd Is Not Near. The Stock Rises Again

 A Reversal for Nuvista Energy Ltd Is Not Near. The Stock Rises Again

The stock of Nuvista Energy Ltd (TSE:NVA) is a huge mover today! About 162,148 shares traded hands. Nuvista Energy Ltd (TSE:NVA) has risen 9.62% since April 26, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.
The move comes after 9 months positive chart setup for the $1.13 billion company. It was reported on Nov, 30 by Barchart.com. We have $7.43 PT which if reached, will make TSE:NVA worth $101.70 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 17.60% above today’s ($6.82) stock price. Nuvista Energy Ltd. has been the topic of 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained the shares of NVA in a report on Thursday, August 11 with “Buy” rating. Scotia Capital maintained the stock with “Outperform” rating in Thursday, August 11 report. The firm earned “Buy” rating on Friday, August 12 by TD Securities. TD Securities maintained the stock with “Buy” rating in Wednesday, August 12 report. The firm has “Market Perform” rating given on Friday, February 12 by BMO Capital Markets. As per Monday, October 31, the company rating was maintained by RBC Capital Markets. The stock of Nuvista Energy Ltd (TSE:NVA) has “” rating given on Monday, June 6 by Raymond James. Desjardins Securities maintained Nuvista Energy Ltd (TSE:NVA) on Tuesday, June 28 with “” rating.

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. Businessinsider.com‘s news article titled: “BRIEF-Nuvista Energy Ltd expects production for 2017 to average about 28000 …” with publication date: October 12, 2016 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 $1.13 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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