Pengrowth Energy Corp (PGF) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
Pengrowth Energy Corp (TSE:PGF) posted its quarterly earnings results on Friday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, AnalystRatings.NET reports.
A number of analysts have recently weighed in on PGF shares. Analysts at CIBC raised their price target on shares of Pengrowth Energy Corp from C$8.00 to C$8.50 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock. On the ratings front, analysts at Raymond James raised their price target on shares of Pengrowth Energy Corp from C$8.00 to C$8.50 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$7.48.
Pengrowth Energy Corp (TSE:PGF) opened at 6.82 on Friday. Pengrowth Energy Corp has a one year low of $5.53 and a one year high of $7.78. The stock has a 50-day moving average of $7.27 and a 200-day moving average of $7.12. The company’s market cap is $3.588 billion.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Investors of record on Tuesday, July 22nd will be given a dividend of $0.04 per share. This represents a yield of 6.67%. The ex-dividend date of this dividend is Friday, July 18th.
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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