Pengrowth Energy Corp (PGF) Receives Average Rating of “Hold” from Brokerages
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$1.49.
Several analysts have recently commented on PGF shares. Barclays PLC reduced their price objective on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a research report on Monday, July 24th. Royal Bank Of Canada reduced their price objective on shares of Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating for the company in a research report on Wednesday, July 12th. TD Securities raised their price objective on shares of Pengrowth Energy Corp from C$1.20 to C$1.55 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Scotiabank reaffirmed an “underperform” rating and set a C$1.50 price objective on shares of Pengrowth Energy Corp in a research report on Wednesday, April 26th. Finally, Canaccord Genuity downgraded shares of Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and reduced their price objective for the stock from C$1.75 to C$1.15 in a research report on Tuesday, July 11th.
Pengrowth Energy Corp (TSE PGF) opened at 0.77 on Friday. The company’s market cap is $425.24 million. Pengrowth Energy Corp has a 52 week low of $0.77 and a 52 week high of $2.32. The firm has a 50-day moving average of $0.95 and a 200-day moving average of $1.30.
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Pengrowth Energy Corp Company Profile
Pengrowth Energy Corporation 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. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta.
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