Pengrowth Energy Co. (PGF) PT Raised to C$1.30 at National Bank Financial
Pengrowth Energy Co. (TSE:PGF) (NYSE:PGH) had its price objective boosted by National Bank Financial from C$1.00 to C$1.30 in a research report report published on Friday morning. National Bank Financial currently has a sector perform rating on the stock.
Other analysts also recently issued reports about the company. Barclays PLC decreased their target price on Pengrowth Energy from C$1.00 to C$0.50 in a research report on Monday, July 24th. TD Securities decreased their target price on Pengrowth Energy from C$1.05 to C$0.85 and set a hold rating for the company in a research report on Friday, September 8th. Royal Bank Of Canada decreased their target price on Pengrowth Energy 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. Canaccord Genuity downgraded Pengrowth Energy from a hold rating to a sell rating and lifted their target price for the stock from C$0.85 to C$0.90 in a research report on Wednesday, October 4th. Finally, AltaCorp Capital downgraded Pengrowth Energy from a sector perform rating to an underperform rating in a research report on Friday, October 6th. Six analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Sell and an average target price of C$1.29.
Shares of Pengrowth Energy (TSE PGF) opened at C$1.18 on Friday. Pengrowth Energy has a 52-week low of C$0.68 and a 52-week high of C$2.32.
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In other news, insider Seymour Schulich purchased 3,000,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were purchased at an average price of C$1.41 per share, for a total transaction of C$4,230,000.00.
About Pengrowth Energy
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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