NuVista Energy (OTCMKTS:NUVSF) Trading Up 1.3% – Here’s Why

NuVista Energy Ltd. (OTCMKTS:NUVSF)’s share price rose 1.3% during trading on Tuesday . The company traded as high as $13.30 and last traded at $13.23. Approximately 2,381,986 shares changed hands during trading, an increase of 864% from the average daily volume of 247,122 shares. The stock had previously closed at $13.06.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NUVSF. Scotiabank reissued a “sector perform” rating on shares of NuVista Energy in a research report on Thursday, October 9th. TD Securities lowered shares of NuVista Energy from a “hold” rating to a “sell” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NuVista Energy presently has an average rating of “Hold”.

NuVista Energy Price Performance

The business has a 50-day simple moving average of $13.06 and a 200-day simple moving average of $11.67.

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.