Pengrowth Energy (PGF) PT Raised to C$1.30

Pengrowth Energy (TSE:PGF) (NYSE:PGH) had its price target boosted by stock analysts at National Bank Financial from C$1.20 to C$1.30 in a research report issued to clients and investors on Thursday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 39.78% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity raised Pengrowth Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Raymond James Financial raised their target price on Pengrowth Energy from C$0.50 to C$0.75 in a research report on Monday, February 5th. CIBC raised their target price on Pengrowth Energy from C$0.80 to C$0.90 in a research report on Tuesday, March 20th. TD Securities raised their target price on Pengrowth Energy from C$0.70 to C$0.80 and gave the stock a “reduce” rating in a research report on Friday, January 19th. Finally, AltaCorp Capital raised Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, December 13th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$1.01.

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Pengrowth Energy stock opened at C$0.93 on Thursday. Pengrowth Energy has a one year low of C$0.68 and a one year high of C$1.52.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last released its quarterly earnings data on Wednesday, February 28th. The company reported C($0.39) EPS for the quarter. Pengrowth Energy had a negative net margin of 179.98% and a negative return on equity of 53.26%. The business had revenue of C$130.50 million for the quarter.

In other news, insider Seymour Schulich bought 1,000,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were acquired at an average cost of C$1.03 per share, with a total value of C$1,030,000.00. Also, insider Douglas Currie Bowles sold 60,459 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of C$0.80, for a total value of C$48,367.20.

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Pengrowth Energy Company Profile

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.

Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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