Analysts Set Pengrowth Energy Corp (PGF) Target Price at $0.84
Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) have been given an average rating of “Sell” by the eight research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$0.84.
A number of equities analysts recently weighed in on the company. AltaCorp Capital cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 7th. BMO Capital Markets dropped their price target on Pengrowth Energy from C$1.30 to C$1.00 in a research note on Friday, November 9th. Canaccord Genuity cut Pengrowth Energy from a “hold” rating to a “sell” rating and dropped their price target for the stock from C$1.00 to C$0.60 in a research note on Thursday, January 10th. National Bank Financial lifted their price target on Pengrowth Energy from C$1.10 to C$1.15 and gave the stock a “sector perform” rating in a research note on Friday, October 5th. Finally, CIBC dropped their price target on Pengrowth Energy from C$1.00 to C$0.70 in a research note on Thursday, November 22nd.
Pengrowth Energy stock traded up C$0.01 during midday trading on Friday, hitting C$0.73. The company’s stock had a trading volume of 924,710 shares, compared to its average volume of 339,287. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 93.69. Pengrowth Energy has a 12 month low of C$0.47 and a 12 month high of C$1.24.
Pengrowth Energy Company Profile
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.
Recommended Story: What is a stock split?
Receive News & Ratings for Pengrowth Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy and related companies with MarketBeat.com's FREE daily email newsletter.