Pengrowth Energy Corp (PGF) Given Consensus Rating of “Hold” by Brokerages
Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$1.21.
A number of brokerages have recently weighed in on PGF. Canaccord Genuity lowered Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and cut their price objective for the stock from C$1.75 to C$1.15 in a research report on Tuesday, July 11th. Royal Bank Of Canada lowered their target price on Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating for the company in a research note on Wednesday, July 12th. Barclays PLC lowered their target price on Pengrowth Energy Corp from C$1.00 to C$0.50 in a research note on Monday, July 24th. TD Securities lowered their target price on Pengrowth Energy Corp from C$1.10 to C$1.05 and set a “hold” rating for the company in a research note on Tuesday, August 15th. Finally, National Bank Financial lowered their target price on Pengrowth Energy Corp from C$1.00 to C$0.80 and set a “sector perform” rating for the company in a research note on Friday, September 8th.
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Pengrowth Energy Corp (PGF) opened at 1.28 on Wednesday. Pengrowth Energy Corp has a 1-year low of $0.68 and a 1-year high of $2.32. The company has a 50 day moving average price of $1.14 and a 200-day moving average price of $1.08. The firm’s market capitalization is $706.87 million.
In related news, insider Seymour Schulich acquired 3,000,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were acquired at an average cost 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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