Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) rose 5.3% during trading on Tuesday . The stock traded as high as C$0.81 and last traded at C$0.80. Approximately 405,528 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 821,395 shares. The stock had previously closed at C$0.76.

PGF has been the subject of several recent research reports. Barclays PLC decreased their target price on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a research report on Monday, July 24th. Canaccord Genuity downgraded shares of Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and decreased their target price for the stock from C$1.75 to C$1.15 in a research report on Tuesday, July 11th. TD Securities decreased their target price on shares of Pengrowth Energy Corp from C$1.10 to C$1.05 and set a “hold” rating for the company in a research report on Tuesday, August 15th. Finally, Royal Bank Of Canada decreased their target price on shares of 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 research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$1.35.

The stock has a 50 day moving average of $0.82 and a 200-day moving average of $1.16. The stock’s market capitalization is $458.36 million.

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About Pengrowth Energy Corp

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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