Pengrowth Energy Corp (PGH) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
Pengrowth Energy Corp (NYSE:PGH) posted its quarterly earnings results on Friday. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.01, American Banking & Market News reports.
Pengrowth Energy Corp (NYSE:PGH) opened at 6.23 on Friday. Pengrowth Energy Corp has a 1-year low of $5.31 and a 1-year high of $7.22. The stock has a 50-day moving average of $6.76 and a 200-day moving average of $6.51. The company’s market cap is $3.278 billion.
The company also recently announced a monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.0374 per share. This represents a $0.45 annualized dividend and a dividend yield of 7.21%. The ex-dividend date is Friday, July 18th.
A number of research firms have recently commented on PGH. Analysts at Raymond James reiterated an “outperform” rating on shares of Pengrowth Energy Corp in a research note on Monday, June 2nd. On the ratings front, 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $8.75.
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.
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