NuVista Energy Ltd. (OTCMKTS:NUVSF – Get Rating) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 260,600 shares, a decrease of 40.6% from the July 31st total of 438,600 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is presently 13.6 days.
NuVista Energy Trading Down 2.5 %
Shares of NUVSF opened at $8.75 on Friday. The business's fifty day simple moving average is $8.06 and its two-hundred day simple moving average is $8.47. NuVista Energy has a 12 month low of $2.88 and a 12 month high of $11.59.
Get NuVista Energy alerts:Analysts Set New Price Targets
NUVSF has been the subject of a number of recent analyst reports. National Bank Financial lowered their price target on NuVista Energy from C$19.00 to C$16.50 in a research report on Monday, July 18th. Stifel Nicolaus upped their target price on NuVista Energy from C$15.00 to C$15.50 in a report on Thursday, June 30th. CIBC upped their target price on NuVista Energy from C$14.00 to C$18.00 in a report on Wednesday, June 15th. Scotiabank upped their target price on NuVista Energy from C$14.50 to C$15.50 in a report on Wednesday, May 11th. Finally, Raymond James upped their target price on NuVista Energy from C$15.00 to C$15.50 in a report on Wednesday, May 11th. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $13.35.
About NuVista Energy
(Get Rating)NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of 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. The company was incorporated in 2003 and is headquartered in Calgary, Canada.
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