Pengrowth Energy Corp (PGF) Receives Average Rating of “Hold” from Analysts
Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$1.92.
Several analysts recently weighed in on the company. TD Securities reissued a “reduce” rating and set a C$1.60 price target on shares of Pengrowth Energy Corp in a report on Wednesday, February 22nd. Scotiabank restated a “sector perform” rating and set a C$2.00 price objective on shares of Pengrowth Energy Corp in a research note on Wednesday, March 1st. Raymond James Financial, Inc. restated a “market perform” rating and set a C$2.00 price objective on shares of Pengrowth Energy Corp in a research note on Wednesday, March 1st. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Pengrowth Energy Corp in a research note on Wednesday, March 1st.
Shares of Pengrowth Energy Corp (TSE PGF) opened at 1.07 on Tuesday. Pengrowth Energy Corp has a 12 month low of $1.03 and a 12 month high of $2.44. The company’s market capitalization is $590.91 million. The firm has a 50-day moving average price of $1.18 and a 200-day moving average price of $1.55.
In other news, insider Christopher Geoffrey Webster sold 225,828 shares of Pengrowth Energy Corp stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of C$1.40, for a total value of C$316,159.20. Also, Director Derek Watson Evans sold 259,919 shares of Pengrowth Energy Corp stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of C$1.40, for a total value of C$363,886.60. In the last 90 days, insiders have acquired 123,000 shares of company stock worth $138,950.
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About Pengrowth Energy Corp
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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