Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$1.03.
PGF has been the topic of several analyst reports. CIBC boosted their price target on shares of Pengrowth Energy from C$0.90 to C$1.10 in a research report on Friday, July 20th. BMO Capital Markets cut their price target on shares of Pengrowth Energy from C$1.30 to C$1.00 in a research report on Friday. TD Securities cut their price target on shares of Pengrowth Energy from C$0.90 to C$0.80 and set a “reduce” rating on the stock in a research report on Tuesday, August 7th. Finally, National Bank Financial boosted their price target on shares of Pengrowth Energy from C$1.10 to C$1.15 and gave the stock a “sector perform” rating in a research report on Friday, October 5th.
In other news, insider Seymour Schulich bought 1,000,000 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were bought at an average cost of C$0.89 per share, with a total value of C$890,000.00. Over the last ninety days, insiders bought 6,979,900 shares of company stock worth $7,475,679.
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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