Analysts Set Pengrowth Energy Corp (PGF) PT at $1.07

Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) have been given an average rating of “Hold” by the eight analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$1.07.

A number of equities analysts have weighed in on the company. National Bank Financial boosted their target price on Pengrowth Energy from C$1.10 to C$1.15 and gave the stock a “sector perform” rating in a research report on Friday, October 5th. TD Securities decreased their target price on Pengrowth Energy from C$0.90 to C$0.80 and set a “reduce” rating for the company in a research report on Tuesday, August 7th. CIBC boosted their target price on Pengrowth Energy from C$0.90 to C$1.10 in a research report on Friday, July 20th. Raymond James boosted their target price on Pengrowth Energy from C$0.75 to C$1.00 in a research report on Thursday, July 5th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$1.30 target price on shares of Pengrowth Energy in a research report on Thursday, June 28th.

In other Pengrowth Energy news, insider Seymour Schulich bought 1,000,000 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was acquired at an average price of C$0.89 per share, with a total value of C$890,000.00. In the last three months, insiders acquired 5,379,900 shares of company stock valued at $5,811,679.

Pengrowth Energy stock traded up C$0.07 during mid-day trading on Wednesday, reaching C$1.04. The stock had a trading volume of 1,562,100 shares, compared to its average volume of 570,177. Pengrowth Energy has a one year low of C$0.77 and a one year high of C$1.52.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last issued its earnings results on Friday, August 3rd. The company reported C($0.04) earnings per share for the quarter. Pengrowth Energy had a negative return on equity of 53.26% and a negative net margin of 179.98%. The business had revenue of C$146.40 million during the quarter.

About Pengrowth Energy

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. The company explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids.

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Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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