Pengrowth Energy (PGF) PT Raised to C$0.75

Pengrowth Energy (TSE:PGF) (NYSE:PGH) had its price target raised by Raymond James Financial from C$0.50 to C$0.75 in a report released on Monday. Raymond James Financial’s price target would suggest a potential downside of 19.35% from the company’s current price.

PGF has been the subject of several other reports. BMO Capital Markets set a C$1.20 price objective on Pengrowth Energy and gave the stock a “market perform” rating in a research report on Friday, January 19th. AltaCorp Capital raised Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, December 13th. National Bank Financial upped their price objective on Pengrowth Energy from C$1.00 to C$1.30 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Royal Bank of Canada cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating and upped their price objective for the stock from C$1.00 to C$1.15 in a research report on Friday, November 10th. Finally, TD Securities upped their price objective on Pengrowth Energy from C$0.70 to C$0.80 and gave the stock a “reduce” rating in a research report on Friday, January 19th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$1.00.

Pengrowth Energy (PGF) traded down C$0.01 during mid-day trading on Monday, hitting C$0.93. The stock had a trading volume of 56,118 shares, compared to its average volume of 621,049. The firm has a market capitalization of $513.60, a PE ratio of -0.90 and a beta of 1.93. Pengrowth Energy has a 52 week low of C$0.68 and a 52 week high of C$1.78.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last posted its quarterly earnings data on Thursday, November 9th. The company reported C($0.27) earnings per share for the quarter. The firm had revenue of C$91.50 million for the quarter. Pengrowth Energy had a negative return on equity of 53.26% and a negative net margin of 179.98%.

In related news, insider Seymour Schulich purchased 3,000,000 shares of Pengrowth Energy stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost 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.

Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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