Pengrowth Energy (PGF) Downgraded by AltaCorp Capital

AltaCorp Capital downgraded shares of Pengrowth Energy (TSE:PGF) (NYSE:PGH) from a sector perform rating to an underperform rating in a research report released on Monday morning.

A number of other research analysts have also weighed in on PGF. National Bank Financial increased their price objective on Pengrowth Energy from C$1.10 to C$1.15 and gave the company a sector perform rating in a report on Friday, October 5th. BMO Capital Markets cut their price objective on Pengrowth Energy from C$1.30 to C$1.00 in a report on Friday, November 9th. Finally, CIBC cut their price objective on Pengrowth Energy from C$1.00 to C$0.70 in a report on Thursday, November 22nd. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Pengrowth Energy presently has an average rating of Sell and an average price target of C$0.84.

Shares of PGF stock opened at C$0.70 on Monday. The company has a debt-to-equity ratio of 93.69, a current ratio of 0.32 and a quick ratio of 0.23. Pengrowth Energy has a fifty-two week low of C$0.47 and a fifty-two week high of C$1.24.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last announced its quarterly earnings data on Thursday, November 8th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$140.50 million during the quarter. As a group, sell-side analysts predict that Pengrowth Energy will post 0.02 earnings per share for the current fiscal year.

In related news, insider Seymour Schulich bought 292,000 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were purchased at an average cost of C$1.04 per share, with a total value of C$303,680.00.

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.

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Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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