Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) dropped 3.7% during mid-day trading on Thursday . The company traded as low as C$0.79 and last traded at C$0.79. Approximately 1,383,026 shares traded hands during trading, an increase of 70% from the average daily volume of 811,713 shares. The stock had previously closed at C$0.82.

PGF has been the subject of a number of recent analyst reports. Barclays PLC cut their price objective on Pengrowth Energy Corp from C$1.00 to C$0.50 in a research report on Monday, July 24th. TD Securities cut their price objective on Pengrowth Energy Corp from C$1.05 to C$0.85 and set a “hold” rating for the company in a research report on Friday, September 8th. Canaccord Genuity downgraded Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and dropped their target price for the company from C$1.75 to C$1.15 in a research report on Tuesday, July 11th. National Bank Financial dropped their target price on Pengrowth Energy Corp from C$1.00 to C$0.80 and set a “sector perform” rating for the company in a research report on Friday, September 8th. Finally, Royal Bank Of Canada dropped their target price on Pengrowth Energy Corp from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Pengrowth Energy Corp currently has a consensus rating of “Hold” and an average target price of C$1.26.

The stock’s 50-day moving average is $0.80 and its 200 day moving average is $1.14. The company’s market capitalization is $419.71 million.

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Pengrowth Energy Corp Company Profile

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. The company explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids.

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