Pengrowth Energy Corp Reaches New 12-Month High at $7.19 (PGH)
Pengrowth Energy Corp (NYSE:PGH) shares hit a new 52-week high during trading on Monday , Analyst Ratings Net reports. The stock traded as high as $7.19 and last traded at $7.16, with a volume of 505,305 shares trading hands. The stock had previously closed at $7.16.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Pengrowth Energy Corp in a research note on Monday, June 2nd. Separately, analysts at TD Securities cut their price target on shares of Pengrowth Energy Corp from C$10.00 to C$9.50 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Pengrowth Energy Corp in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $7.93.
The stock has a 50-day moving average of $6.64 and a 200-day moving average of $6.41. The company’s market cap is $3.778 billion.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.0369 per share. This represents a $0.44 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Thursday, June 19th.
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, Ontario and Nova Scotia.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.