Pengrowth Energy (PGF) Reaches New 52-Week Low at $0.84
Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.84 and last traded at C$0.85, with a volume of 429042 shares trading hands. The stock had previously closed at C$0.89.
PGF has been the subject of a number of recent analyst reports. National Bank Financial upped their price target on Pengrowth Energy from C$1.10 to C$1.15 and gave the company a “sector perform” rating in a research note on Friday, October 5th. CIBC upped their price target on Pengrowth Energy from C$0.90 to C$1.10 in a research note on Friday, July 20th. BMO Capital Markets lowered their price target on Pengrowth Energy from C$1.30 to C$1.00 in a research note on Friday, November 9th. Finally, TD Securities decreased their price objective on Pengrowth Energy from C$0.90 to C$0.80 and set a “reduce” rating for the company in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Pengrowth Energy currently has an average rating of “Hold” and an average price target of C$1.03.
The company has a debt-to-equity ratio of 89.25, a quick ratio of 0.23 and a current ratio of 0.32.
About Pengrowth Energy (TSE:PGF)
Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in 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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