Barclays PLC Cuts Pengrowth Energy Corp (TSE:PGF) Price Target to C$0.50

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price target reduced by Barclays PLC from C$1.00 to C$0.50 in a report published on Monday, July 24th.

A number of other equities research analysts have also recently commented on the stock. Scotiabank reduced their price target on shares of Pengrowth Energy Corp from C$2.00 to C$1.50 and set an underperform rating for the company in a report on Monday, March 27th. Raymond James Financial, Inc. restated an outperform rating and issued a C$1.75 price target on shares of Pengrowth Energy Corp in a report on Monday, March 27th. TD Securities restated a hold rating and issued a C$1.55 price target on shares of Pengrowth Energy Corp in a report on Wednesday, May 3rd. Canaccord Genuity lowered shares of Pengrowth Energy Corp from a speculative buy rating to a hold rating and dropped their price objective for the company from C$1.75 to C$1.15 in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada dropped their price objective on shares of Pengrowth Energy Corp from C$1.75 to C$1.50 and set a sector perform rating on the stock in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of C$1.49.

Pengrowth Energy Corp (TSE:PGF) opened at 0.80 on Monday. Pengrowth Energy Corp has a 12 month low of $0.74 and a 12 month high of $2.32. The company’s market capitalization is $441.80 million. The stock’s 50 day moving average is $0.95 and its 200-day moving average is $1.29.

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Pengrowth Energy Corp Company Profile

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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