Pengrowth Energy Corp (PGF) Downgraded by TD Securities
TD Securities cut shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) from a hold rating to a reduce rating in a research report report published on Monday morning. TD Securities currently has C$0.70 target price on the stock, down from their prior target price of C$0.85.
A number of other equities research analysts have also recently commented on the stock. National Bank Financial reduced their target price on shares of Pengrowth Energy Corp from C$1.00 to C$0.80 and set a sector perform rating for the company in a report on Friday, September 8th. Royal Bank Of Canada cut their price target on shares of Pengrowth Energy Corp from C$1.75 to C$1.50 and set a sector perform rating for the company in a report on Wednesday, July 12th. Barclays PLC cut their price target on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a report on Monday, July 24th. Finally, Canaccord Genuity cut shares of Pengrowth Energy Corp from a speculative buy rating to a hold rating and cut their price target for the stock from C$1.75 to C$1.15 in a report on Tuesday, July 11th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$1.21.
Shares of Pengrowth Energy Corp (TSE:PGF) opened at 1.28 on Monday. The firm’s market capitalization is $706.87 million. Pengrowth Energy Corp has a 52-week low of $0.68 and a 52-week high of $2.32. The stock’s 50 day moving average price is $0.92 and its 200-day moving average price is $1.10.
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In other news, insider Seymour Schulich purchased 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average cost of C$1.41 per share, with a total value of C$4,230,000.00.
Pengrowth Energy Corp 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.
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