The company NuVista Energy Ltd. shows strong fundamentals and is coming back to attractive price

On a fundamental plan and on the basis of current prices, the share seems correctly valued in terms of enterprise value. However, earnings per share for the next two years has been recently revised upwards by analysts covering the stock. This positive fact opens the way to a better stock's evaluation from market share.

The stock NuVista Energy Ltd. is in oversold situation and in proximity of an important level 4.05 CAD. This scenario gives credit to possible technical rebound. Thus the NuVista Energy Ltd. 's share price could find new energy and moving towards next resistance placed at 5 CAD.

The technical pattern and strong NuVista Energy Ltd. 's fundamentals is a good opportunity for active investors to buy above of 4.05 CAD. The potential drop is limited and the timing seems ideal to benefit of technical rebound. The first target price is 5 CAD, and then to aim at 6 CAD. However, we shouldn't continue this strategy under 3.9 CAD, the downwards trend could restart under this level.