Nuvista Energy (NVA) Reaches New 52-Week Low at $3.35
Nuvista Energy Ltd (TSE:NVA) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$3.35 and last traded at C$3.39, with a volume of 1038395 shares. The stock had previously closed at C$3.54.
NVA has been the topic of several research reports. Cormark reduced their price objective on Nuvista Energy from C$10.00 to C$8.00 in a report on Friday, February 8th. Raymond James reaffirmed an “outperform” rating and set a C$6.00 price target on shares of Nuvista Energy in a research report on Friday, February 8th. TD Securities lowered their price target on Nuvista Energy from C$8.50 to C$8.00 and set a “buy” rating for the company in a research report on Friday, February 8th. Eight Capital lifted their price target on Nuvista Energy from C$7.75 to C$9.50 in a research report on Wednesday, March 6th. Finally, Canaccord Genuity raised Nuvista Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$5.00 to C$6.00 in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$8.23.
The company has a debt-to-equity ratio of 39.99, a current ratio of 0.90 and a quick ratio of 0.52. The company has a market cap of $759.37 million and a price-to-earnings ratio of 8.33.
In other Nuvista Energy news, Director Keith A.J. Macphail sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$4.54, for a total transaction of C$90,800.00. Following the completion of the sale, the director now directly owns 2,512,042 shares in the company, valued at approximately C$11,404,670.68. Over the last quarter, insiders have sold 40,000 shares of company stock valued at $182,600.
Nuvista Energy Company Profile (TSE:NVA)
NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and oil and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.
Further Reading: Resistance Level
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