Pengrowth Energy Corp (PGF) Stock Price Down 4%
Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) fell 4% during trading on Tuesday . The stock traded as low as C$1.34 and last traded at C$1.43. 2,203,685 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 1,040,790 shares. The stock had previously closed at C$1.49.
Several research firms recently commented on PGF. Royal Bank Of Canada reduced their price target on shares of Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating for the company in a research report on Wednesday, July 12th. Canaccord Genuity downgraded shares of Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and reduced their price target for the company from C$1.75 to C$1.15 in a research report on Tuesday, July 11th. Barclays PLC reduced their price target on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a research report on Monday, July 24th. National Bank Financial reduced their price target on shares of Pengrowth Energy Corp from C$1.00 to C$0.80 and set a “sector perform” rating for the company in a research report on Friday, September 8th. Finally, TD Securities reduced their price target on shares of Pengrowth Energy Corp from C$1.05 to C$0.85 and set a “hold” rating for the company in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$1.26.
The stock’s market capitalization is $751.05 million. The company has a 50-day moving average price of $0.78 and a 200 day moving average price of $1.11.
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Pengrowth Energy Corp Company Profile
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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