Seymour Schulich Buys 3,000,000 Shares of Pengrowth Energy Corp (PGF) Stock
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) insider Seymour Schulich acquired 3,000,000 shares of Pengrowth Energy Corp stock in a transaction that occurred on Monday, September 25th. The stock was acquired at an average cost of C$1.41 per share, for a total transaction of C$4,230,000.00.
Shares of Pengrowth Energy Corp (TSE:PGF) opened at 1.27 on Friday. The firm’s market capitalization is $701.35 million. Pengrowth Energy Corp has a 52 week low of $0.68 and a 52 week high of $2.32. The stock’s 50 day moving average price is $0.78 and its 200-day moving average price is $1.11.
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PGF has been the topic of several research analyst reports. National Bank Financial reduced their price objective on Pengrowth Energy Corp from C$1.00 to C$0.80 and set a “sector perform” rating on the stock in a research note on Friday, September 8th. TD Securities reduced their price objective on Pengrowth Energy Corp from C$1.05 to C$0.85 and set a “hold” rating on the stock in a research note on Friday, September 8th. Royal Bank Of Canada reduced their price objective on Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating on the stock in a research note on Wednesday, July 12th. Barclays PLC reduced their price objective on Pengrowth Energy Corp from C$1.00 to C$0.50 in a research note on Monday, July 24th. Finally, Canaccord Genuity lowered Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and reduced their price objective for the company from C$1.75 to C$1.15 in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$1.26.
About Pengrowth Energy Corp
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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