Pengrowth Energy Corp Given Consensus Rating of “Hold” by Brokerages (TSE:PGF)
Pengrowth Energy Corp (TSE:PGF) has received a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, Stock Ratings Network.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$7.48.
Shares of Pengrowth Energy Corp (TSE:PGF) opened at 6.73 on Friday. Pengrowth Energy Corp has a 52 week low of $5.53 and a 52 week high of $7.78. The stock’s 50-day moving average is $7.23 and its 200-day moving average is $7.11. The company’s market cap is $3.541 billion.
Pengrowth Energy Corp (TSE:PGF) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Analysts expect that Pengrowth Energy Corp will post $-0.04 EPS for the current fiscal year.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Shareholders 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.
A number of analysts have recently weighed in on PGF shares. Analysts at FirstEnergy Capital cut their price target on shares of Pengrowth Energy Corp from C$8.00 to C$7.50 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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.
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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