Pengrowth Energy Corp Receives Consensus Rating of “Hold” from Analysts (TSE:PGF)
Shares of Pengrowth Energy Corp (TSE:PGF) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the company, American Banking News reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$7.39.
Shares of Pengrowth Energy Corp (TSE:PGF) traded up 0.34% on Thursday, hitting $7.485. The stock had a trading volume of 59,421 shares. Pengrowth Energy Corp has a 52 week low of $4.99 and a 52 week high of $7.78. The stock’s 50-day moving average is $7.18 and its 200-day moving average is $6.99. The company’s market cap is $3.938 billion.
The company also recently announced a jun 14 dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a dividend of $0.04 per share. This represents a dividend yield of 6.19%. The ex-dividend date is Thursday, June 19th.
A number of analysts have recently weighed in on PGF shares. Analysts at Raymond James initiated coverage on shares of Pengrowth Energy Corp in a research note on Monday, June 2nd. They set an “outperform” rating and a C$8.00 price target on the stock. Separately, 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. Finally, 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.
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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