RBC Capital analyst Michael Harvey maintained a Hold rating on NuVista Energy (NUVSF – Research Report) on July 26 and set a price target of C$3.50. The company’s shares closed last Wednesday at $2.77.
According to TipRanks.com, Harvey is a 4-star analyst with an average return of 11.5% and a 48.8% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Birchcliff Energy.
NuVista Energy has an analyst consensus of Moderate Buy, with a price target consensus of $3.79, implying a 41.2% upside from current levels. In a report issued on July 14, CIBC also maintained a Hold rating on the stock with a C$5.00 price target.
The company has a one-year high of $3.59 and a one-year low of $0.45. Currently, NuVista Energy has an average volume of 11.39K.
Based on the recent corporate insider activity of 12 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.
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