Royal Bank Of Canada Lowers Pengrowth Energy Corp (PGF) Price Target to C$1.00
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price target lowered by analysts at Royal Bank Of Canada from C$1.25 to C$1.00 in a research note issued on Tuesday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 31.58% from the stock’s previous close.
PGF has been the topic of several other reports. Barclays PLC dropped their target price on Pengrowth Energy Corp from C$1.00 to C$0.50 in a report on Monday, July 24th. TD Securities raised their target price on Pengrowth Energy Corp from C$1.20 to C$1.55 and gave the company a “hold” rating in a report on Thursday, April 27th. Scotiabank reiterated an “underperform” rating and set a C$1.50 target price on shares of Pengrowth Energy Corp in a report on Wednesday, April 26th. Finally, Canaccord Genuity downgraded Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and dropped their target price for the company from C$1.75 to C$1.15 in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Pengrowth Energy Corp has a consensus rating of “Hold” and an average price target of C$1.35.
Shares of Pengrowth Energy Corp (TSE:PGF) traded down 2.63% during trading on Tuesday, hitting $0.74. The stock had a trading volume of 1,162,829 shares. Pengrowth Energy Corp has a one year low of $0.72 and a one year high of $2.32. The stock’s 50-day moving average price is $0.94 and its 200-day moving average price is $1.28. The company’s market cap is $408.67 million.
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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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