Pengrowth Energy Corp (PGF) Given Consensus Rating of “Hold” by Analysts
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the firm. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$1.91.
PGF has been the topic of a number of recent analyst reports. TD Securities reissued a “reduce” rating and issued a C$1.60 price target on shares of Pengrowth Energy Corp in a report on Wednesday, February 22nd. Royal Bank of Canada reissued an “underperform” rating on shares of Pengrowth Energy Corp in a report on Wednesday, March 1st. Scotiabank reissued a “sector perform” rating and issued a C$2.00 price target on shares of Pengrowth Energy Corp in a report on Wednesday, March 1st. Finally, Raymond James Financial, Inc. reissued a “market perform” rating and issued a C$2.00 price target on shares of Pengrowth Energy Corp in a report on Wednesday, March 1st.
Pengrowth Energy Corp (TSE:PGF) opened at 1.20 on Friday. Pengrowth Energy Corp has a 12 month low of $1.05 and a 12 month high of $2.60. The stock has a 50 day moving average of $1.31 and a 200 day moving average of $1.65. The firm’s market capitalization is $662.70 million.
In other Pengrowth Energy Corp news, Director Donald Michael Godfre Stewart purchased 48,000 shares of Pengrowth Energy Corp stock in a transaction on Thursday, May 4th. The shares were acquired at an average cost of C$1.10 per share, for a total transaction of C$52,800.00. Also, insider Christopher Geoffrey Webster sold 225,828 shares of the stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of C$1.40, for a total transaction of C$316,159.20. Insiders purchased 123,000 shares of company stock worth $138,950 over the last ninety days.
Pengrowth Energy Corp Company Profile
Pengrowth Energy Corporation 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. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta.
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