Pengrowth Energy Corp (PGF) Lowered to Reduce at TD Securities
TD Securities downgraded shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) from a hold rating to a reduce rating in a report released on Monday. TD Securities currently has C$0.70 price target on the stock, down from their prior price target of C$0.85.
A number of other equities analysts have also recently commented on PGF. National Bank Financial decreased their target price on shares of Pengrowth Energy Corp from C$1.00 to C$0.80 and set a sector perform rating on the stock in a research report on Friday, September 8th. Royal Bank Of Canada reduced their price objective on Pengrowth Energy Corp from C$1.25 to C$1.00 and set a sector perform rating on the stock in a research note on Tuesday, August 15th. Barclays PLC decreased their price objective on Pengrowth Energy Corp from C$1.00 to C$0.50 in a report on Monday, July 24th. Finally, Canaccord Genuity lowered Pengrowth Energy Corp from a speculative buy rating to a hold rating and lowered their target price for the company from C$1.75 to C$1.15 in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of C$1.24.
Pengrowth Energy Corp (TSE:PGF) opened at 1.22 on Monday. The company’s market capitalization is $673.74 million. Pengrowth Energy Corp has a 12 month low of $0.68 and a 12 month high of $2.32. The stock’s 50 day moving average price is $0.89 and its 200-day moving average price is $1.09.
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In other Pengrowth Energy Corp news, insider Seymour Schulich bought 3,000,000 shares of Pengrowth Energy Corp stock in a transaction dated Monday, September 25th. The shares were purchased at an average cost of C$1.41 per share, with a total value of C$4,230,000.00.
Pengrowth Energy Corp 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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