RBC Capital analyst Michael Harvey maintained a Hold rating on NuVista Energy (NUVSF – Research Report) on May 24 and set a price target of C$14.00. The company’s shares closed last Wednesday at $10.00, close to its 52-week high of $10.23.
According to TipRanks.com, Harvey is a 5-star analyst with an average return of 26.0% and a 54.3% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Birchcliff Energy.
Currently, the analyst consensus on NuVista Energy is a Moderate Buy with an average price target of $11.56, implying a 18.6% upside from current levels. In a report issued on May 11, BMO Capital also maintained a Hold rating on the stock with a C$13.00 price target.
The company has a one-year high of $10.23 and a one-year low of $2.24. Currently, NuVista Energy has an average volume of 28.07K.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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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