Pengrowth Energy Co. (PGF) Earns “Market Perform” Rating from BMO Capital Markets

BMO Capital Markets reissued their market perform rating on shares of Pengrowth Energy Co. (TSE:PGF) (NYSE:PGH) in a research note published on Tuesday morning. They currently have a C$1.25 price objective on the stock.

A number of other research firms have also recently commented on PGF. AltaCorp Capital cut Pengrowth Energy from a sector perform rating to an underperform rating in a research report on Friday, October 6th. Canaccord Genuity cut Pengrowth Energy from a hold rating to a sell rating and boosted their price objective for the company from C$0.85 to C$0.90 in a research report on Wednesday, October 4th. National Bank Financial boosted their price objective on Pengrowth Energy from C$1.00 to C$1.30 and gave the company a sector perform rating in a research report on Friday, November 10th. Royal Bank Of Canada cut Pengrowth Energy from a sector perform rating to an underperform rating and boosted their price objective for the company from C$1.00 to C$1.15 in a research report on Friday, November 10th. Finally, TD Securities cut Pengrowth Energy from a hold rating to a reduce rating and dropped their price target for the stock from C$0.85 to C$0.70 in a research report on Monday, October 2nd. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of Sell and a consensus price target of C$1.28.

Shares of Pengrowth Energy (PGF) opened at C$1.07 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 bought 3,000,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was bought at an average cost of C$1.41 per share, for a total transaction of C$4,230,000.00.

Pengrowth Energy 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 (TSE:PGF)

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