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

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

Other equities research analysts have also recently issued reports about the stock. TD Securities reaffirmed a hold rating and set a C$1.55 price target on shares of Pengrowth Energy Corp in a research note on Wednesday, May 3rd. Canaccord Genuity cut shares of Pengrowth Energy Corp from a speculative buy rating to a hold rating and decreased their price target for the stock from C$1.75 to C$1.15 in a research note on Tuesday, July 11th. Raymond James Financial, Inc. reissued an outperform rating and issued a C$1.75 target price on shares of Pengrowth Energy Corp in a research report on Monday, March 27th. Royal Bank Of Canada decreased their target price 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 report on Wednesday, July 12th. Finally, Scotiabank reaffirmed an underperform rating and set a C$1.50 price target on shares of Pengrowth Energy Corp in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Pengrowth Energy Corp currently has a consensus rating of Hold and a consensus target price of C$1.35.

Pengrowth Energy Corp (TSE PGF) traded up 4.29% during trading on Monday, reaching $0.73. 1,272,588 shares of the company’s stock traded hands. The firm has a 50 day moving average of $0.90 and a 200 day moving average of $1.26. Pengrowth Energy Corp has a 1-year low of $0.68 and a 1-year high of $2.32. The firm’s market capitalization is $403.14 million.

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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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