In a report released yesterday, Michael Harvey from RBC Capital maintained a Hold rating on NuVista Energy (NUVSF), with a price target of C$1.50. The company’s shares closed last Thursday at $0.77.
According to TipRanks.com, Harvey is a 4-star analyst with an average return of 5.3% and a 48.6% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Advantage Oil & Gas, and Paramount Resources.
Currently, the analyst consensus on NuVista Energy is a Hold with an average price target of $0.95, a 23.9% upside from current levels. In a report issued on December 16, CIBC also maintained a Hold rating on the stock with a C$1.25 price target.
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NuVista Energy’s market cap is currently $177.3M and has a P/E ratio of -0.30. The company has a Price to Book ratio of 0.51.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NUVSF in relation to earlier this year.
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NuVista Energy Ltd. engages in the exploration, development, and production of oil and natural gas reserves. The firm focuses on the scalable and repeatable condensate-rich Montney formation in the Alberta Deep Basin. The company was founded on April 7, 2003 and is headquartered in Calgary, Canada.
