Pengrowth Energy Corp Given New C$8.50 Price Target at Raymond James (PGF)
Stock analysts at Raymond James hoisted their target price on shares of Pengrowth Energy Corp (TSE:PGF) from C$8.00 to C$8.50 in a report issued on Monday. Raymond James’ price objective suggests a potential upside of 12.43% from the stock’s previous close.
Shares of Pengrowth Energy Corp (TSE:PGF) opened at 7.56 on Monday. Pengrowth Energy Corp has a 52-week low of $5.00 and a 52-week high of $7.78. The stock has a 50-day moving average of $7.27 and a 200-day moving average of $7.04. The company’s market cap is $3.978 billion.
The company also recently declared a jun 14 dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.04 per share. This represents a yield of 6.19%. The ex-dividend date of this dividend is Thursday, June 19th.
A number of other analysts have also recently weighed in on PGF. 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. 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$7.43.
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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