Pengrowth Energy Corp Given “Sector Perform” Rating at RBC Capital (PGF)
Pengrowth Energy Corp (TSE:PGF)‘s stock had its “sector perform” rating reiterated by equities researchers at RBC Capital in a research report issued on Tuesday, Analyst Ratings News reports. They currently have a C$6.00 target price on the stock. RBC Capital’s target price suggests a potential downside of 9.23% from the company’s current price.
Pengrowth Energy Corp (TSE:PGF) traded up 1.85% on Tuesday, hitting $6.61. The stock had a trading volume of 608,751 shares. Pengrowth Energy Corp has a 52 week low of $3.93 and a 52 week high of $6.53. The stock has a 50-day moving average of $5.90 and a 200-day moving average of $5.36.
The company also recently declared a monthly dividend, which is scheduled for Friday, November 15th. Investors of record on Tuesday, October 22nd will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Friday, October 18th.
A number of other analysts have also recently weighed in on PGF. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Pengrowth Energy Corp in a research note to investors on Thursday, July 18th. They now have a C$8.00 price target on the stock. Separately, analysts at CIBC downgraded shares of Pengrowth Energy Corp from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, July 17th. They now have a C$6.25 price target on the stock, up previously from C$5.50. Finally, analysts at Cormark upgraded shares of Pengrowth Energy Corp from a “market perform” rating to a “buy” rating in a research note to investors on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$6.47.
Pengrowth Energy Corporation (TSE:PGF) 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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