Pengrowth Energy Corp (PGF) Receives Average Recommendation of “Hold” from Brokerages
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has earned a consensus recommendation of “Hold” from the eleven research firms that are covering the company. Four equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$1.82.
PGF has been the subject of a number of research reports. Canaccord Genuity lifted their price objective on Pengrowth Energy Corp from C$2.15 to C$2.40 and gave the company a “hold” rating in a research report on Friday, October 7th. TD Securities reissued a “reduce” rating and set a C$1.10 price objective on shares of Pengrowth Energy Corp in a research report on Thursday, November 3rd. Scotiabank reissued a “sector perform” rating and set a C$2.25 price objective on shares of Pengrowth Energy Corp in a research report on Thursday, November 3rd. Royal Bank Of Canada lifted their price objective on Pengrowth Energy Corp from C$1.25 to C$1.50 and gave the company an “underperform” rating in a research report on Wednesday, September 28th. Finally, RBC Capital Markets lifted their price objective on Pengrowth Energy Corp from C$1.25 to C$1.50 in a research report on Wednesday, September 28th.
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Pengrowth Energy Corp (TSE:PGF) traded down 2.79% during midday trading on Tuesday, hitting $1.74. The stock had a trading volume of 633,632 shares. The company’s 50-day moving average price is $2.01 and its 200 day moving average price is $2.12. The stock’s market cap is $953.01 million. Pengrowth Energy Corp has a 12-month low of $0.66 and a 12-month high of $2.70.
About Pengrowth Energy Corp
Pengrowth Energy Corporation is a resource company, which is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land.
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