Analysis: Nuvista Energy Ltd (TSE:NVA) Price Target Change Today
In a recent research report disseminated by National Bank Financial on 3 December, the firm, Nuvista Energy Ltd (TSE:NVA), had their price target downgraded to $6.25. Analusts now have a solid Outperform rating on the stock.
Approximately 533,452 shares of stock traded hands or 17.11% up from the average. Nuvista Energy Ltd (TSE:NVA) has declined 56.38% since April 30, 2015 and is downtrending. It has underperformed by 56.09% the S&P500.
NuVista Energy Ltd. is an oil and natural gas firm engaged in the exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company has a market cap of $596.37 million. NuVista has assets in the Montney formation in the Alberta Deep Basin, in eastern and northwest Alberta, and northeast British Columbia. It currently has negative earnings. NuVista’s Wapiti operating area is located south of Grande Prairie, Alberta, approximately 520 kilometers (km) northwest of Calgary.