A number of other equities research analysts have also recently issued reports on PGF. National Bank Financial raised their target price on Pengrowth Energy from C$1.00 to C$1.30 and gave the company a sector perform rating in a research note on Friday, November 10th. Royal Bank of Canada cut Pengrowth Energy from a sector perform rating to an underperform rating and raised their target price for the company from C$1.00 to C$1.15 in a research note on Friday, November 10th. BMO Capital Markets reiterated a market perform rating and issued a C$1.25 target price on shares of Pengrowth Energy in a research note on Tuesday, November 14th. AltaCorp Capital upgraded Pengrowth Energy from an underperform rating to a sector perform rating in a research note on Wednesday, December 13th. Finally, TD Securities raised their target price on Pengrowth Energy from C$0.70 to C$0.80 and gave the company a reduce rating in a research note on Friday, January 19th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$1.00.
Pengrowth Energy (TSE:PGF) opened at C$0.87 on Monday. Pengrowth Energy has a one year low of C$0.68 and a one year high of C$1.78. The stock has a market capitalization of $480.46, a price-to-earnings ratio of -0.84 and a beta of 1.93.
In related news, insider Seymour Schulich bought 1,000,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were bought at an average cost of C$1.03 per share, for a total transaction of C$1,030,000.00.
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Pengrowth Energy 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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