Pengrowth Energy Co. (PGF) Stock Rating Reaffirmed by BMO Capital Markets
BMO Capital Markets reissued their market perform rating on shares of Pengrowth Energy Co. (TSE:PGF) (NYSE:PGH) in a report published on Tuesday. BMO Capital Markets currently has a C$1.25 price target on the stock.
Several other analysts have also commented on PGF. National Bank Financial dropped their price objective on Pengrowth Energy from C$1.00 to C$0.80 and set a sector perform rating on the stock in a report on Friday, September 8th. TD Securities dropped their price objective on Pengrowth Energy from C$1.10 to C$1.05 and set a hold rating on the stock in a report on Tuesday, August 15th. AltaCorp Capital lowered Pengrowth Energy from a sector perform rating to an underperform rating in a report on Friday, October 6th. Royal Bank Of Canada lowered Pengrowth Energy from a sector perform rating to an underperform rating and raised their price objective for the company from C$1.00 to C$1.15 in a report on Friday, November 10th. Finally, Canaccord Genuity lowered Pengrowth Energy from a hold rating to a sell rating and raised their price objective for the company from C$0.85 to C$0.90 in a report on Wednesday, October 4th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Sell and a consensus price target of C$1.28.
Pengrowth Energy (TSE PGF) opened at C$1.14 on Tuesday. Pengrowth Energy has a 12-month low of C$0.68 and a 12-month high of C$2.32.
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In related news, insider Seymour Schulich acquired 3,000,000 shares of the stock in a transaction on Monday, September 25th. The shares were bought at an average price of C$1.41 per share, with a total value 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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