Equities research analysts at CIBC raised their price target on shares of Pengrowth Energy Corp (NYSE: PGH) from $5.00 to $5.25 in a research note issued to investors on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at FirstEnergy Capital upgraded shares of Pengrowth Energy Corp to an “outperform” rating in a research note to investors on Monday. Separately, analysts at Scotiabank cut their price target on shares of Pengrowth Energy Corp from $8.75 to $8.00 in a research note to investors on Friday. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Pengrowth Energy Corp in a research note to investors on Friday.

Six analysts have rated the stock with a buy rating, seven have assigned a hold rating, and four have assigned a sell rating to the company. The stock currently has an average rating of “hold” and a consensus target price of $6.00.

Pengrowth Energy Corp traded up 4.02% on Monday, hitting $4.66. Pengrowth Energy Corp has a 1-year low of $3.82 and a 1-year high of $10.21. The stock’s 50-day moving average is currently $4.57. The company has a market cap of $1.923 billion and a price-to-earnings ratio of 144.52.

The company also recently announced a monthly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Monday, February 25th will be paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 10.27%. The ex-dividend date is Thursday, February 21st.

Pengrowth Energy Corporation (Pengrowth) is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia.

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