Pengrowth Energy Corp (PGF) Price Target Cut to C$1.05
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price target cut by equities research analysts at TD Securities from C$1.10 to C$1.05 in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 38.16% from the company’s previous close.
Several other research analysts also recently commented on the stock. Scotiabank reissued an “underperform” rating and set a C$1.50 price target on shares of Pengrowth Energy Corp in a research note on Wednesday, May 3rd. Royal Bank Of Canada decreased their price target on shares of Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating on the stock in a research note on Wednesday, July 12th. Barclays PLC decreased their price target on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a research note on Monday, July 24th. Finally, Canaccord Genuity downgraded shares of Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and decreased their price target for the stock from C$1.75 to C$1.15 in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Pengrowth Energy Corp presently has an average rating of “Hold” and an average target price of C$1.35.
Pengrowth Energy Corp (PGF) traded down 2.63% during midday trading on Tuesday, hitting $0.74. 1,129,288 shares of the stock were exchanged. The stock’s market cap is $408.67 million. Pengrowth Energy Corp has a 1-year low of $0.72 and a 1-year high of $2.32. The company’s 50 day moving average is $0.94 and its 200-day moving average is $1.28.
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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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