Pengrowth Energy (PGF) Stock Rating Reaffirmed by BMO Capital Markets

Pengrowth Energy (TSE:PGF) (NYSE:PGH)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a note issued to investors on Tuesday, November 14th. They currently have a C$1.25 target price on the stock. BMO Capital Markets’ price objective indicates a potential upside of 6.84% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. TD Securities reduced their price objective on shares of Pengrowth Energy from C$1.10 to C$1.05 and set a “hold” rating for the company in a research report on Tuesday, August 15th. Royal Bank Of Canada reduced their price objective on shares of Pengrowth Energy from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 15th. AltaCorp Capital cut shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Friday, October 6th. Canaccord Genuity cut shares of Pengrowth Energy from a “hold” rating to a “sell” rating and upped their price objective for the stock from C$0.85 to C$0.90 in a research report on Wednesday, October 4th. Finally, National Bank Financial upped their price objective on shares of Pengrowth Energy from C$1.00 to C$1.30 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Sell” and a consensus target price of C$1.28.

Pengrowth Energy (TSE PGF) traded up C$0.07 on Tuesday, hitting C$1.17. 1,440,000 shares of the company traded hands, compared to its average volume of 792,393. Pengrowth Energy has a 1 year low of C$0.68 and a 1 year high of C$2.32.

In other news, insider Seymour Schulich acquired 3,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average price of C$1.41 per share, with a total value of C$4,230,000.00.

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About Pengrowth Energy

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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