Pengrowth Energy Corp (PGF) Given Average Recommendation of “Hold” by Analysts

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two 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 brokers that have updated their coverage on the stock in the last year is C$1.07.

A number of equities analysts recently weighed in on the stock. National Bank Financial lifted their price objective on shares of Pengrowth Energy from C$1.10 to C$1.15 and gave the company a “sector perform” rating in a research report on Friday, October 5th. CIBC lifted their price objective on shares of Pengrowth Energy from C$0.90 to C$1.10 in a research report on Friday, July 20th. Finally, TD Securities lowered their price objective on shares of Pengrowth Energy from C$0.90 to C$0.80 and set a “reduce” rating on the stock in a research report on Tuesday, August 7th.

In other news, insider Seymour Schulich bought 1,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was purchased at an average price of C$0.89 per share, with a total value of C$890,000.00. Insiders purchased a total of 6,979,900 shares of company stock valued at $7,475,679 in the last three months.

TSE:PGF opened at C$0.89 on Friday. Pengrowth Energy has a 1-year low of C$0.77 and a 1-year high of C$1.52.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last posted its quarterly earnings data on Friday, August 3rd. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$146.40 million for the quarter.

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.

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Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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