Pengrowth Energy Corp Receives Average Rating of “Hold” from Analysts (TSE:PGF)
Pengrowth Energy Corp (TSE:PGF) has received a consensus rating of “Hold” from the fourteen analysts that are presently covering the company, American Banking & Market News reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$7.48.
Shares of Pengrowth Energy Corp (TSE:PGF) traded down 1.76% on Friday, hitting $6.70. The stock had a trading volume of 374,483 shares. 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 $3.525 billion.
Pengrowth Energy Corp (TSE:PGF) last released its earnings data on Friday, August 8th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.01. On average, analysts predict that Pengrowth Energy Corp will post $-0.03 earnings per share for the current fiscal year.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 15th. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.04 per share. This represents a dividend yield of 6.67%. The ex-dividend date is Friday, July 18th.
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. Separately, 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.
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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