Pengrowth Energy Corp (PGF) Rating Lowered to Underperform at AltaCorp Capital
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) was downgraded by equities researchers at AltaCorp Capital from a “sector perform” rating to an “underperform” rating in a report released on Friday.
Several other equities analysts have also issued reports on the company. Canaccord Genuity lowered Pengrowth Energy Corp from a “hold” rating to a “sell” rating and boosted their price target for the company from C$0.85 to C$0.90 in a research note on Wednesday. TD Securities lowered Pengrowth Energy Corp from a “hold” rating to a “reduce” rating and dropped their price target for the company from C$0.85 to C$0.70 in a research note on Monday, October 2nd. National Bank Financial dropped their price target on Pengrowth Energy Corp from C$1.00 to C$0.80 and set a “sector perform” rating on the stock in a research note on Friday, September 8th. Royal Bank Of Canada dropped their price target on Pengrowth Energy Corp from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 15th. Finally, Barclays PLC lowered their target price on Pengrowth Energy Corp from C$1.00 to C$0.50 in a research report on Monday, July 24th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Pengrowth Energy Corp presently has a consensus rating of “Hold” and a consensus target price of C$1.21.
Shares of Pengrowth Energy Corp (PGF) opened at 1.34 on Friday. The firm’s market capitalization is $740.01 million. The firm’s 50-day moving average is $0.96 and its 200 day moving average is $1.10. Pengrowth Energy Corp has a one year low of $0.68 and a one year high of $2.32.
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In other Pengrowth Energy Corp news, insider Seymour Schulich acquired 3,000,000 shares of Pengrowth Energy Corp stock in a transaction on Monday, September 25th. The stock was purchased at an average price of C$1.41 per share, for a total transaction of C$4,230,000.00.
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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