Pengrowth Energy Corp Price Target Raised to C$7.50 at BMO Capital Markets (PGF)
Investment analysts at BMO Capital Markets upped their price target on shares of Pengrowth Energy Corp (TSE:PGF) from C$6.50 to C$7.50 in a note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 13.46% from the stock’s previous close.
A number of other firms have also recently commented on PGF. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Pengrowth Energy Corp in a research note to investors on Tuesday, October 1st. They now have a C$6.00 price target on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$6.47.
Pengrowth Energy Corp (TSE:PGF) traded up 1.85% during mid-day trading on Friday, hitting $6.61. 608,751 shares of the company’s stock traded hands. Pengrowth Energy Corp has a 52 week low of $3.93 and a 52 week high of $6.53. The stock’s 50-day moving average is $5.90 and its 200-day moving average is $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.
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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