Post by
Indicator on Apr 26, 2022 8:42am
NuVISTA "not well understood or known by the market. $15"
Market News & Research Alert
News for NVA
Alert Sent 2022-04-26 08:14:37 AM ET
Delivery preference: Immediate delivery
NuVista Energy Upgraded to Strong Buy at Raymond James
2022-04-26 08:14:01 AM ET (MT Newswires)
08:14 AM EDT, 04/26/2022 (MT Newswires) -- NuVista Energy Ltd. (NVA.TO) was upgraded to Strong Buy from Outperform at Raymond James on Tuesday.
Analyst Jeremy McCrea raised his target price on shares of the Calgary-based oil and gas company to $15 from $14.50.
McCrea said BMO's recent marketing trip with NuVista highlighted several factors that are not well understood or known by the market.
The analyst said NVA could be one of the better performing stocks through to the end of 2022.
"Out of the Canadian E&P sector, no company is growing and creating as much value as NuVista, especially given a recent change in well placement / completion with its Pipestone wells," McCrea said in a note to clients.
"With a valuation not reflective of these changing economics and inventory depth, growth trajectory, margin improvement, as well as deleveraging trajectory, there are plenty of fundamental attributes to like," the analyst said.
"...As we show with our sentiment gauge, there still exists a disconnect with how investors (and analysts) view the name," he said.
Comment by
Sugaree on Apr 26, 2022 10:10am
Hey, I can't find the link, I would like to post on various sites, have you got the link? thanks.