Pengrowth Energy Co. (TSE:PGF) (NYSE:PGH) had its target price raised by National Bank Financial from C$1.00 to C$1.30 in a research note issued on Friday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 2.36% from the company’s previous close.
A number of other equities research analysts have also issued reports on PGF. TD Securities dropped their price target on Pengrowth Energy from C$1.10 to C$1.05 and set a “hold” rating for the company in a research report on Tuesday, August 15th. Royal Bank Of Canada lowered their price objective on Pengrowth Energy from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 15th. AltaCorp Capital lowered Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Friday, October 6th. Canaccord Genuity lowered Pengrowth Energy from a “hold” rating to a “sell” rating and increased their price objective for the stock from C$0.85 to C$0.90 in a research report on Wednesday, October 4th. Finally, Barclays PLC lowered their price objective on Pengrowth Energy from C$1.00 to C$0.50 in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Pengrowth Energy currently has a consensus rating of “Sell” and an average target price of C$1.29.
Shares of Pengrowth Energy (TSE PGF) opened at C$1.27 on Friday. Pengrowth Energy has a 52-week low of C$0.68 and a 52-week high of C$2.32.
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In other news, insider Seymour Schulich purchased 3,000,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were bought at an average cost of C$1.41 per share, for a total transaction of C$4,230,000.00.
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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