NuVista Energy (OTCMKTS:NUVSF) Stock Price Up 0.7% – Time to Buy?

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NUVSF shares. Scotiabank reissued a “sector perform” rating on shares of NuVista Energy in a research report on Thursday, October 9th. TD Securities downgraded NuVista Energy from a “hold” rating to a “sell” rating in a report on Wednesday, November 5th. Finally, Desjardins downgraded shares of NuVista Energy to a “hold” rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NuVista Energy presently has an average rating of “Hold”.

NuVista Energy Price Performance

The company’s fifty day moving average is $12.56 and its two-hundred day moving average is $11.43.

About NuVista Energy

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.