Pengrowth Energy Corp (PGF) Downgraded by AltaCorp Capital

AltaCorp Capital cut shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) from a sector perform rating to an underperform rating in a report issued on Friday.

A number of other analysts have also commented on PGF. TD Securities lowered their target price on shares of Pengrowth Energy Corp from C$1.10 to C$1.05 and set a hold rating for the company in a report on Tuesday, August 15th. Canaccord Genuity lowered shares of Pengrowth Energy Corp from a hold rating to a sell rating and lifted their target price for the stock from C$0.85 to C$0.90 in a report on Wednesday, October 4th. Royal Bank Of Canada lowered their target price on shares of Pengrowth Energy Corp from C$1.25 to C$1.00 and set a sector perform rating for the company in a report on Tuesday, August 15th. Barclays PLC lowered their target price on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a report on Monday, July 24th. Finally, National Bank Financial lowered their target price on shares of Pengrowth Energy Corp from C$1.00 to C$0.80 and set a sector perform rating for the company in a report on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Pengrowth Energy Corp has a consensus rating of Hold and an average price target of C$1.21.

Pengrowth Energy Corp (PGF) opened at 1.34 on Friday. The firm’s 50-day moving average price is $0.96 and its 200-day moving average price is $1.10. The company’s market capitalization is $740.01 million. Pengrowth Energy Corp has a 52 week low of $0.68 and a 52 week high of $2.32.

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In other news, insider Seymour Schulich purchased 3,000,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was bought at an average price 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.

Analyst Recommendations for Pengrowth Energy Corp (TSE:PGF)

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