Pengrowth Energy Co. (PGF) Price Target Raised to C$1.30 at National Bank Financial
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 report report published on Friday morning. National Bank Financial currently has a sector perform rating on the stock.
Several other brokerages also recently commented on PGF. AltaCorp Capital downgraded shares of Pengrowth Energy from a sector perform rating to an underperform rating in a report on Friday, October 6th. Canaccord Genuity downgraded shares of Pengrowth Energy from a hold rating to a sell rating and raised their target price for the stock from C$0.85 to C$0.90 in a report on Wednesday, October 4th. TD Securities downgraded shares of Pengrowth Energy from a hold rating to a reduce rating and dropped their target price for the stock from C$0.85 to C$0.70 in a report on Monday, October 2nd. Barclays PLC dropped their target price on shares of Pengrowth Energy from C$1.00 to C$0.50 in a report on Monday, July 24th. Finally, Royal Bank of Canada dropped their target price on shares of Pengrowth Energy from C$1.25 to C$1.00 and set a sector perform rating on the stock in a report on Tuesday, August 15th. Six analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Pengrowth Energy presently has an average rating of Sell and an average target price of C$1.29.
Shares of Pengrowth Energy (PGF) traded down C$0.19 during mid-day trading on Friday, reaching C$1.27. 2,848,236 shares of the company’s stock traded hands, compared to its average volume of 1,312,996. 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 Pengrowth Energy news, insider Seymour Schulich acquired 3,000,000 shares of the stock in a transaction dated 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.
About Pengrowth Energy
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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