Pengrowth Energy Corp Sets New 1-Year High at $6.73 (PGH)
Pengrowth Energy Corp (NYSE:PGH) set a new 52-week high during mid-day trading on Friday, Analyst Ratings News reports. The stock traded as high as $6.73 and last traded at $6.67, with a volume of 1,324,790 shares. The stock had previously closed at $6.59.
PGH has been the subject of a number of recent research reports. Analysts at Desjardins upgraded shares of Pengrowth Energy Corp from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 21st. Separately, analysts at TD Securities upgraded shares of Pengrowth Energy Corp from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 17th. Finally, analysts at Zacks upgraded shares of Pengrowth Energy Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, December 27th. They now have a $6.30 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pengrowth Energy Corp currently has a consensus rating of “Buy” and a consensus price target of $6.59.
Pengrowth Energy Corp has a one year low of $3.82 and a one year high of $6.70. The stock has a 50-day moving average of $6.28 and a 200-day moving average of $6.09. The company’s market cap is $3.462 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, February 18th. Stockholders of record on Thursday, January 23rd will be given a dividend of 0.0368 per share. The ex-dividend date of this dividend is Tuesday, January 21st.
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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