Pengrowth Energy Corp (PGF) Price Target Cut to C$0.85 by Analysts at TD Securities
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price target dropped by equities researchers at TD Securities from C$1.05 to C$0.85 in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 8.97% from the company’s current price.
Several other brokerages have also commented on PGF. Barclays PLC dropped their price target on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a research report on Monday, July 24th. Royal Bank Of Canada dropped their price target on shares of Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating for the company in a research report on Wednesday, July 12th. Finally, Canaccord Genuity lowered shares of Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and dropped their price target for the stock from C$1.75 to C$1.15 in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Pengrowth Energy Corp has an average rating of “Hold” and an average price target of C$1.26.
Shares of Pengrowth Energy Corp (TSE PGF) traded down 1.28% during mid-day trading on Friday, hitting $0.77. 456,885 shares of the stock were exchanged. Pengrowth Energy Corp has a one year low of $0.68 and a one year high of $2.32. The company has a 50-day moving average of $0.81 and a 200 day moving average of $1.16. The stock’s market cap is $425.23 million.
Pengrowth Energy Corp Company Profile
Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. The company explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids.
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