Pengrowth Energy Corp (PGF) Receives Average Recommendation of “Hold” from Brokerages
Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm. Four research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$1.82.
PGF has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their target price on Pengrowth Energy Corp from C$1.25 to C$1.50 and gave the company an “underperform” rating in a report on Wednesday, September 28th. Scotiabank reissued a “sector perform” rating and issued a C$2.25 target price on shares of Pengrowth Energy Corp in a report on Friday, October 7th. TD Securities reissued a “reduce” rating and issued a C$1.10 target price on shares of Pengrowth Energy Corp in a report on Thursday, November 3rd. Barclays PLC dropped their target price on Pengrowth Energy Corp from C$2.00 to C$1.50 and set an “underweight” rating on the stock in a report on Thursday, November 3rd. Finally, Canaccord Genuity boosted their target price on Pengrowth Energy Corp from C$2.15 to C$2.40 and gave the company a “hold” rating in a report on Friday, October 7th.
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Shares of Pengrowth Energy Corp (TSE:PGF) traded down 2.79% on Tuesday, reaching $1.74. The company’s stock had a trading volume of 633,632 shares. The stock’s market capitalization is $953.01 million. Pengrowth Energy Corp has a 1-year low of $0.66 and a 1-year high of $2.70. The company has a 50 day moving average of $2.01 and a 200 day moving average of $2.12.
About Pengrowth Energy Corp
Pengrowth Energy Corporation is a resource company, which is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land.
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