Pengrowth Energy (PGF) Trading Up 4.7%
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) was up 4.7% on Friday . The company traded as high as C$1.01 and last traded at C$1.01. Approximately 1,226,994 shares traded hands during trading, a decline of 3% from the average daily volume of 1,262,273 shares. The stock had previously closed at C$0.96.
A number of equities research analysts have weighed in on PGF shares. TD Securities decreased their price target on shares of Pengrowth Energy from C$1.05 to C$0.85 and set a “hold” rating on the stock in a research note on Friday, September 8th. Canaccord Genuity downgraded shares of Pengrowth Energy from a “hold” rating to a “sell” rating and lifted their price target for the stock from C$0.85 to C$0.90 in a research note on Wednesday, October 4th. National Bank Financial lifted their price target on shares of Pengrowth Energy from C$1.00 to C$1.30 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. AltaCorp Capital upgraded shares of Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a research note on Wednesday. Finally, Royal Bank of Canada downgraded shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating and lifted their price target for the stock from C$1.00 to C$1.15 in a research note on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Pengrowth Energy presently has an average rating of “Hold” and a consensus price target of C$1.28.
In other news, insider Seymour Schulich bought 3,000,000 shares of Pengrowth Energy stock in a transaction dated Monday, September 25th. The shares were bought at an average price of C$1.41 per share, for a total transaction of C$4,230,000.00.
Pengrowth Energy 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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