Pengrowth Energy Corp (PGF) Trading Up 5.1%

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) was up 5.1% on Tuesday . The company traded as high as C$0.83 and last traded at C$0.83. Approximately 550,168 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 810,161 shares. The stock had previously closed at C$0.79.

A number of equities research analysts have recently weighed in on PGF shares. Barclays PLC dropped their price objective on Pengrowth Energy Corp from C$1.00 to C$0.50 in a research note on Monday, July 24th. TD Securities lowered their target price on Pengrowth Energy Corp from C$1.05 to C$0.85 and set a “hold” rating for the company in a research note on Friday. Royal Bank Of Canada lowered their target price on Pengrowth Energy Corp from C$1.75 to C$1.50 and set a “sector perform” rating for the company in a research note on Wednesday, July 12th. Canaccord Genuity cut Pengrowth Energy Corp from a “speculative buy” rating to a “hold” rating and lowered their target price for the stock from C$1.75 to C$1.15 in a research note on Tuesday, July 11th. Finally, National Bank Financial lowered their target price on Pengrowth Energy Corp from C$1.00 to C$0.80 and set a “sector perform” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$1.26.

The company has a 50-day moving average of $0.81 and a 200-day moving average of $1.15. The company’s market capitalization is $441.80 million.

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Pengrowth Energy Corp Company Profile

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in the 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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