Pengrowth Energy (PGF) Price Target Raised to C$0.75 at Raymond James Financial

Pengrowth Energy (TSE:PGF) (NYSE:PGH) had its target price lifted by Raymond James Financial from C$0.50 to C$0.75 in a research report sent to investors on Monday morning.

PGF has been the topic of a number of other research reports. BMO Capital Markets set a C$1.20 target price on shares of Pengrowth Energy and gave the company a market perform rating in a research report on Friday, January 19th. AltaCorp Capital upgraded shares of Pengrowth Energy from an underperform rating to a sector perform rating in a research report on Wednesday, December 13th. National Bank Financial raised their target price on shares of Pengrowth Energy from C$1.00 to C$1.30 and gave the company a sector perform rating in a research report on Friday, November 10th. Royal Bank of Canada lowered shares of Pengrowth Energy from a sector perform rating to an underperform rating and raised their target price for the company from C$1.00 to C$1.15 in a research report on Friday, November 10th. Finally, TD Securities lifted their price target on shares of Pengrowth Energy from C$0.70 to C$0.80 and gave the stock a reduce rating in a report on Friday, January 19th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Pengrowth Energy has an average rating of Hold and an average target price of C$1.00.

Shares of Pengrowth Energy (TSE:PGF) opened at C$0.92 on Monday. Pengrowth Energy has a 52-week low of C$0.68 and a 52-week high of C$1.78. The firm has a market cap of $508.07, a P/E ratio of -0.89 and a beta of 1.93.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last issued its earnings results on Thursday, November 9th. The company reported C($0.27) earnings per share for the quarter. Pengrowth Energy had a negative net margin of 179.98% and a negative return on equity of 53.26%. The company had revenue of C$91.50 million during the quarter.

In other Pengrowth Energy news, insider Seymour Schulich purchased 3,000,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average price of C$1.01 per share, for a total transaction 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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