National Bank Financial Cuts Pengrowth Energy (PGF) Price Target to C$1.20

Pengrowth Energy (TSE:PGF) (NYSE:PGH) had its target price lowered by National Bank Financial from C$1.30 to C$1.20 in a research report released on Tuesday morning. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also recently issued reports on PGF. TD Securities cut shares of Pengrowth Energy from a hold rating to a reduce rating and reduced their price objective for the stock from C$0.85 to C$0.70 in a research note on Monday, October 2nd. Canaccord Genuity cut shares of Pengrowth Energy from a hold rating to a sell rating and increased their price objective for the stock from C$0.85 to C$0.90 in a research note on Wednesday, October 4th. AltaCorp Capital cut shares of Pengrowth Energy from a sector perform rating to an underperform rating in a research note on Friday, October 6th. Royal Bank of Canada cut shares of Pengrowth Energy from a sector perform rating to an underperform rating and raised their target price for the company from C$1.00 to C$1.15 in a research note on Friday, November 10th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$1.25 target price on shares of Pengrowth Energy in a research note on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of C$1.12.

Shares of Pengrowth Energy (PGF) opened at C$1.14 on Tuesday. The stock has a market cap of $629.57, a price-to-earnings ratio of -1.11 and a beta of 1.91. Pengrowth Energy has a 52 week low of C$0.68 and a 52 week high of C$1.91.

In related news, insider Seymour Schulich bought 3,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average cost of C$1.01 per share, with a total value of C$3,030,000.00.

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About Pengrowth Energy

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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