Pengrowth Energy Corp (PGF) Receives Consensus Rating of “Hold” from Brokerages
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$1.13.
A number of equities analysts have recently commented on PGF shares. AltaCorp Capital raised shares of Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a report on Wednesday, December 13th. Royal Bank of Canada lowered shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating and increased their price target for the stock from C$1.00 to C$1.15 in a report on Friday, November 10th. TD Securities lowered shares of Pengrowth Energy from a “hold” rating to a “reduce” rating and decreased their price target for the stock from C$0.85 to C$0.70 in a report on Monday, October 2nd. BMO Capital Markets reissued a “market perform” rating and issued a C$1.25 price target on shares of Pengrowth Energy in a report on Tuesday, November 14th. Finally, Canaccord Genuity lowered shares of Pengrowth Energy from a “hold” rating to a “sell” rating and increased their price target for the stock from C$0.85 to C$0.90 in a report on Wednesday, October 4th.
In other Pengrowth Energy news, insider Seymour Schulich bought 3,000,000 shares of Pengrowth Energy stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average price of C$1.01 per share, with a total value of C$3,030,000.00.
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About Pengrowth Energy
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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