Pengrowth Energy Corp Rating Lowered to Underperform at Zacks (PGH)
Pengrowth Energy Corp (NYSE:PGH) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, AnalystRatings.Net reports. They currently have a $5.50 price objective on the stock. Zacks‘ target price would suggest a potential downside of 5.34% from the stock’s previous close.
Pengrowth Energy Corp (NYSE:PGH) traded down 0.60% on Tuesday, hitting $5.775. The stock had a trading volume of 911,097 shares. Pengrowth Energy Corp has a 52 week low of $3.82 and a 52 week high of $7.40. The stock’s 50-day moving average is $5.68 and its 200-day moving average is $5.17. The company’s market cap is $2.990 billion.
The company also recently declared a monthly dividend, which is scheduled for Monday, September 16th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.04 per share. This represents a $0.46 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date of this dividend is Tuesday, August 20th.
Pengrowth Energy Corporation (NYSE:PGH) 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.
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