NuVista Energy (OTCMKTS:NUVSF) Trading 0.7% Higher – Here’s What Happened

Shares of NuVista Energy Ltd. (OTCMKTS:NUVSF) were up 0.7% during trading on Friday . The stock traded as high as $12.8440 and last traded at $12.8440. Approximately 125,533 shares changed hands during trading, a decline of 18% from the average daily volume of 152,799 shares. The stock had previously closed at $12.76.

Analysts Set New Price Targets

NUVSF has been the topic of a number of research analyst reports. Scotiabank reiterated a “sector perform” rating on shares of NuVista Energy in a report on Thursday, October 9th. TD Securities lowered NuVista Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 5th. Finally, Desjardins downgraded NuVista Energy to a “hold” rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

NuVista Energy Trading Up 0.7%

The company’s fifty day moving average is $12.56 and its two-hundred day moving average is $11.42.

NuVista Energy Company Profile

NuVista Energy Ltd. (OTCMKTS: NUVSF) is a Calgary-based independent oil and gas exploration and production company focused on the development of conventional and unconventional natural gas, natural gas liquids and light oil. The company’s primary operations are located within the Western Canadian Sedimentary Basin, where it concentrates on advancing its asset base in the Montney formation of northeastern British Columbia.

NuVista’s technical approach emphasizes condensate-rich and liquids-rich gas plays, utilizing multi-stage drilling and completion techniques to enhance well productivity.