Pengrowth Energy Corp (PGF) PT Lowered to C$0.80 at National Bank Financial
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price objective reduced by investment analysts at National Bank Financial from C$1.00 to C$0.80 in a research report issued on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 2.56% from the stock’s current price.
Several other equities research analysts have also issued reports on PGF. Canaccord Genuity lowered shares of Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and lowered their target price for the stock from C$1.75 to C$1.15 in a research note on Tuesday, July 11th. Royal Bank Of Canada lowered their target price on shares of Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating on the stock in a research note on Wednesday, July 12th. Barclays PLC decreased their price target on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a research note on Monday, July 24th. Finally, TD Securities decreased their price target on shares of Pengrowth Energy Corp from C$1.10 to C$1.05 and set a “hold” rating on the stock in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Pengrowth Energy Corp presently has an average rating of “Hold” and a consensus target price of C$1.26.
Shares of Pengrowth Energy Corp (TSE PGF) traded down 1.28% during trading on Friday, hitting $0.77. The stock had a trading volume of 456,885 shares. The firm’s market cap is $425.23 million. Pengrowth Energy Corp has a 12-month low of $0.68 and a 12-month high of $2.32. The firm has a 50 day moving average price of $0.81 and a 200 day moving average price of $1.16.
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About Pengrowth Energy Corp
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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