BMO Capital Markets Reiterates “Market Perform” Rating for Pengrowth Energy Co. (PGF)
Pengrowth Energy Co. (TSE:PGF) (NYSE:PGH)‘s stock had its “market perform” rating reiterated by equities research analysts at BMO Capital Markets in a research report issued on Tuesday. They presently have a C$1.25 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 25.00% from the stock’s previous close.
PGF has been the topic of a number of other reports. Barclays PLC decreased their price target on Pengrowth Energy from C$1.00 to C$0.50 in a research note on Monday, July 24th. TD Securities decreased their price target on Pengrowth Energy from C$1.05 to C$0.85 and set a “hold” rating on the stock in a research note on Friday, September 8th. Canaccord Genuity lowered Pengrowth Energy from a “hold” rating to a “sell” rating and raised their price target for the stock from C$0.85 to C$0.90 in a research note on Wednesday, October 4th. National Bank Financial raised their price target on Pengrowth Energy from C$1.00 to C$1.30 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. Finally, Royal Bank Of Canada decreased their price target on Pengrowth Energy from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 15th. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Sell” and a consensus price target of C$1.28.
Pengrowth Energy (PGF) traded down C$0.10 on Tuesday, hitting C$1.00. The company had a trading volume of 1,240,504 shares, compared to its average volume of 1,311,317. Pengrowth Energy has a fifty-two week low of C$0.68 and a fifty-two week high of C$2.32.
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In other news, insider Seymour Schulich acquired 3,000,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were bought at an average cost of C$1.41 per share, for a total transaction of C$4,230,000.00.
About Pengrowth Energy
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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