Pengrowth Energy (PGF) Given a C$1.20 Price Target at BMO Capital Markets

Pengrowth Energy (TSE:PGF) (NYSE:PGH) received a C$1.20 price target from investment analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 18.81% from the company’s current price.

Several other analysts have also issued reports on PGF. National Bank Financial dropped their price target on shares of Pengrowth Energy from C$1.30 to C$1.20 and set a “sector perform” rating on the stock in a research report on Tuesday, January 9th. TD Securities lowered shares of Pengrowth Energy from a “hold” rating to a “reduce” rating and dropped their price target for the stock from C$0.85 to C$0.70 in a research report on Monday, October 2nd. AltaCorp Capital lowered shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Friday, October 6th. Canaccord Genuity lowered shares of Pengrowth Energy from a “hold” rating to a “sell” rating and increased their price objective for the company from C$0.85 to C$0.90 in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada lowered shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating and increased their price objective for the company from C$1.00 to C$1.15 in a research report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Pengrowth Energy presently has an average rating of “Hold” and a consensus price target of C$1.13.

Pengrowth Energy (TSE PGF) traded down C$0.01 during trading on Friday, hitting C$1.01. 737,437 shares of the stock traded hands, compared to its average volume of 725,526. The firm has a market capitalization of $535.69, a PE ratio of -0.98 and a beta of 1.91. Pengrowth Energy has a 12 month low of C$0.68 and a 12 month high of C$1.84.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last announced its earnings results on Thursday, November 9th. The company reported C($0.27) EPS for the quarter. Pengrowth Energy had a negative return on equity of 53.26% and a negative net margin of 179.98%.

In other Pengrowth Energy news, insider Seymour Schulich bought 3,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average cost of C$1.01 per share, for a total transaction 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.

Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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