Analyst Activity – Scotiabank Reiterates Outperform on Newalta (TSE:NAL)

Analyst Ratings For Newalta (TSE:NAL)

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Today, Scotiabank reiterated its Outperform rating on Newalta (TSE:NAL) with a price target of C$4.00.

There are 1 sell rating, 4 hold ratings, 2 buy ratings on the stock.

The current consensus rating on Newalta (TSE:NAL) is Hold (Score: 2.14) with a consensus target price of C$2.90 per share, a potential .

Some recent analyst ratings include

  • 2/24/2017-Scotiabank Reiterated Rating of Outperform.
  • 2/7/2017-AltaCorp Capital Upgrade from a “Sector Perform ” rating to a ” Outperform” rating.
  • 11/11/2016-TD Securities Reiterated Rating of Hold.
  • 8/5/2016-GMP Securities was Downgraded by analysts at GMP Securities from a “Hold ” rating to a ” Reduce” rating.

    About Newalta (TSE:NAL)
    Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil. The Oilfield segment operates in Canada and the United States, and includes the processing of oilfield-generated wastes, including treatment, water disposal, clean oil terminaling, and the supply and operation of drill site processing equipment, including solids control and drill cuttings management. It is engaged in adapting technologies to maximize the value inherent in oil and gas exploration and production waste streams through processing to recover and recycle resources. The Company offers a range of services to manage oil and natural gas-related waste materials that are generated through a range of stages of oil or natural gas well.

    Recent Trading Activity for Newalta (TSE:NAL)
    Shares of Newalta closed the previous trading session at 2.36 down -0.04 -1.67% with 444,839 shares trading hands.

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