NuVista Energy (OTCMKTS:NUVSF) Price Target Raised to C$8.50 at Scotiabank

NuVista Energy (OTCMKTS:NUVSF) had its target price raised by Scotiabank from C$6.00 to C$8.50 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a “sector perform” rating on the stock.

A number of other equities research analysts have also recently commented on NUVSF. Raymond James reissued a “buy” rating and issued a C$5.00 target price on shares of NuVista Energy in a research note on Thursday, July 1st. Canaccord Genuity increased their target price on NuVista Energy from C$4.00 to C$4.50 and gave the stock a “hold” rating in a research note on Wednesday, September 15th. Stifel Nicolaus increased their target price on NuVista Energy from C$5.00 to C$6.25 and gave the stock a “buy” rating in a research note on Thursday, September 23rd. Royal Bank of Canada increased their target price on NuVista Energy from C$3.50 to C$4.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 5th. Finally, National Bank Financial increased their price objective on NuVista Energy from C$4.25 to C$6.75 and gave the company a “sector perform” rating in a research report on Wednesday, September 29th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.83.

Shares of OTCMKTS NUVSF traded down $0.17 during trading on Thursday, reaching $4.44. The company had a trading volume of 8,369 shares, compared to its average volume of 18,794. NuVista Energy has a 12-month low of $0.55 and a 12-month high of $5.10. The business’s 50-day moving average is $3.31 and its 200 day moving average is $2.73.

About NuVista Energy

NuVista Energy Ltd., a condensate and natural gas company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.

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