Pengrowth Energy Corp (NYSE: PGH)‘s stock had its “sector outperform” rating restated by equities researchers at Scotiabank in a report issued on Friday.

Pengrowth Energy Corp traded up 8.47% on Friday, hitting $4.48. 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 $4.59. The company’s market cap is $2.272 billion.

Separately, analysts at Canaccord Genuity cut their price target on shares of Pengrowth Energy Corp from $8.00 to $7.50 in a research note to investors on Friday.

Six equities research analysts have rated the stock with a buy rating, seven have issued a hold rating, and four have issued a sell rating to the stock. Pengrowth Energy Corp has an average rating of “hold” and a consensus price target of $6.08.

The company also recently announced a monthly dividend, which is scheduled for Friday, March 15th. Investors 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 10.69%. 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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