TD Securities Cuts Pengrowth Energy (PGF) Price Target to C$0.80
Pengrowth Energy (TSE:PGF) (NYSE:PGH) had its price objective lowered by TD Securities from C$0.90 to C$0.80 in a report issued on Tuesday morning. The firm currently has a reduce rating on the stock.
A number of other analysts have also recently weighed in on the company. National Bank Financial increased their price target on Pengrowth Energy from C$1.20 to C$1.30 and gave the stock a sector perform rating in a research report on Thursday, April 12th. CIBC increased their price target on Pengrowth Energy from C$0.90 to C$1.10 in a research report on Friday, July 20th. BMO Capital Markets reiterated a market perform rating and set a C$1.30 price target on shares of Pengrowth Energy in a research report on Thursday, June 28th. Raymond James increased their price target on Pengrowth Energy from C$0.75 to C$1.00 in a research report on Thursday, July 5th. Finally, Royal Bank of Canada raised their target price on Pengrowth Energy from C$1.10 to C$1.20 and gave the company an underperform rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of C$1.06.
Shares of Pengrowth Energy opened at C$0.91 on Tuesday, Marketbeat.com reports. Pengrowth Energy has a twelve month low of C$0.68 and a twelve month high of C$1.52.
Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in 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.
See Also: Leveraged Buyout (LBO)
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