Pengrowth Energy Corp (PGF) Receives C$1.07 Consensus Target Price from Brokerages

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Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$1.07.

PGF has been the topic of several analyst reports. CIBC lifted their target price on shares of Pengrowth Energy from C$0.90 to C$1.10 in a research note on Friday, July 20th. Raymond James lifted their target price on shares of Pengrowth Energy from C$0.75 to C$1.00 in a research note on Thursday, July 5th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$1.30 target price on shares of Pengrowth Energy in a research note on Thursday, June 28th. TD Securities decreased their target price on shares of Pengrowth Energy from C$0.90 to C$0.80 and set a “reduce” rating on the stock in a research note on Tuesday, August 7th. Finally, National Bank Financial lifted their target price on shares of 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.

In related news, insider Seymour Schulich purchased 1,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average price of C$0.89 per share, for a total transaction of C$890,000.00. Over the last ninety days, insiders purchased 5,379,900 shares of company stock worth $5,811,679.

Shares of PGF stock traded up C$0.07 during trading hours on Wednesday, hitting C$1.04. 1,562,100 shares of the company’s stock were exchanged, compared to its average volume of 570,177. Pengrowth Energy has a 12-month low of C$0.77 and a 12-month 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) EPS for the quarter. Pengrowth Energy had a negative return on equity of 53.26% and a negative net margin of 179.98%. The firm 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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