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

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 sent to investors on Tuesday morning. The firm currently has a sector perform rating on the stock.

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

Pengrowth Energy (TSE:PGF) opened at C$1.12 on Tuesday. The firm has a market cap of $618.52, a price-to-earnings ratio of -1.09 and a beta of 1.91. Pengrowth Energy has a 1-year low of C$0.68 and a 1-year high of C$1.91.

In other news, insider Seymour Schulich bought 3,000,000 shares of Pengrowth Energy stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of C$1.01 per share, with a total value of C$3,030,000.00.

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Pengrowth Energy 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.

Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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