Pengrowth Energy Corp (PGH) Plans Monthly Dividend of $0.04
Pengrowth Energy Corp (NYSE:PGH) declared a monthly dividend on Wednesday, August 13th, Stock Ratings News reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.0366 per share on Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Wednesday, August 20th.
Several analysts have recently commented on the stock. Analysts at Salman Partners upgraded shares of Pengrowth Energy Corp from a “hold” rating to a “buy” rating in a research note on Tuesday. Analysts at Raymond James reiterated an “outperform” rating on shares of Pengrowth Energy Corp in a research note on Monday, June 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $8.75.
Pengrowth Energy Corp (NYSE:PGH) traded down 0.32% during mid-day trading on Wednesday, hitting $6.14. The stock had a trading volume of 840,236 shares. Pengrowth Energy Corp has a 52-week low of $5.31 and a 52-week high of $7.22. The stock’s 50-day moving average is $6.68 and its 200-day moving average is $6.50. The company’s market cap is $3.231 billion.
Pengrowth Energy Corp (NYSE:PGH) last announced its earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.01. On average, analysts predict that Pengrowth Energy Corp will post $-0.08 earnings per share for the current fiscal year.
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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