Pengrowth Energy Corp Receives Consensus Rating of “Hold” from Brokerages (TSE:PGF)
Pengrowth Energy Corp (TSE:PGF) has been given a consensus rating of “Hold” by the fourteen brokerages that are covering the company, AmericanBankingNews.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$7.33.
A number of analysts have recently weighed in on PGF shares. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pengrowth Energy Corp in a research note on Tuesday, May 13th. They now have a C$8.75 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Pengrowth Energy Corp from C$7.50 to C$8.00 in a research note on Friday, May 9th. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Pengrowth Energy Corp in a research note on Friday, March 7th.
Pengrowth Energy Corp (TSE:PGF) traded up 1.01% during mid-day trading on Tuesday, hitting $6.97. 139,939 shares of the company’s stock traded hands. Pengrowth Energy Corp has a 1-year low of $4.83 and a 1-year high of $7.60. The stock’s 50-day moving average is $6.98 and its 200-day moving average is $6.89.
The company also recently announced a may 14 dividend, which is scheduled for Monday, June 16th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.04 per share. This represents a dividend yield of 6.89%. The ex-dividend date is Wednesday, May 21st.
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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