Pengrowth Energy Corp (PGF) Receives C$1.01 Consensus Price Target from Brokerages

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has earned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$1.01.

PGF has been the topic of a number of research analyst reports. Royal Bank of Canada downgraded Pengrowth Energy from a “sector perform” rating to an “underperform” rating and upped their price target for the company from C$1.00 to C$1.15 in a report on Friday, November 10th. National Bank Financial upped their price target on Pengrowth Energy from C$1.00 to C$1.30 and gave the company a “sector perform” rating in a report on Friday, November 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$1.25 price target on shares of Pengrowth Energy in a report on Tuesday, November 14th. TD Securities upped their price target on Pengrowth Energy from C$0.70 to C$0.80 and gave the company a “reduce” rating in a report on Friday, January 19th. Finally, AltaCorp Capital raised Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a report on Wednesday, December 13th.

Pengrowth Energy (TSE:PGF) traded down C$0.04 during trading on Tuesday, reaching C$0.86. The company’s stock had a trading volume of 456,336 shares, compared to its average volume of 438,258. Pengrowth Energy has a twelve month low of C$0.68 and a twelve month high of C$1.69. The company has a market capitalization of $474.94, a P/E ratio of -0.69 and a beta of 1.86.

In other news, insider Seymour Schulich acquired 3,000,000 shares of Pengrowth Energy stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price of C$1.01 per share, for a total transaction of C$3,030,000.00. In the last quarter, insiders have purchased 6,000,000 shares of company stock valued at $5,820,000.

ILLEGAL ACTIVITY WARNING: “Pengrowth Energy Corp (PGF) Receives C$1.01 Consensus Price Target from Brokerages” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at

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)

Receive News & Ratings for Pengrowth Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy and related companies with's FREE daily email newsletter.

Leave a Reply