Pengrowth Energy (PGF) Trading -3.8% Higher
Pengrowth Energy Co. (TSE:PGF) (NYSE:PGH)’s share price traded up 3.8% during mid-day trading on Thursday . The stock traded as high as C$1.05 and last traded at C$1.01. 521,087 shares were traded during trading, a decline of 59% from the average session volume of 1,278,800 shares. The stock had previously closed at C$1.05.
Several equities analysts have recently issued reports on the company. National Bank Financial lowered their price target on Pengrowth Energy from C$1.00 to C$0.80 and set a “sector perform” rating on the stock in a research report on Friday, September 8th. TD Securities lowered their price target on Pengrowth Energy from C$1.10 to C$1.05 and set a “hold” rating on the stock in a research report on Tuesday, August 15th. BMO Capital Markets reiterated a “market perform” rating and set a C$1.25 price target on shares of Pengrowth Energy in a research report on Tuesday, November 14th. AltaCorp Capital cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Friday, October 6th. Finally, Royal Bank Of Canada cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating and lifted their price target for the company from C$1.00 to C$1.15 in a research report on Friday, November 10th. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Sell” and an average target price of C$1.28.
In related news, insider Seymour Schulich bought 3,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average cost of C$1.41 per share, for a total transaction of C$4,230,000.00.
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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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