Pengrowth Energy Corp (PGF) Downgraded by AltaCorp Capital

AltaCorp Capital lowered shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) from a sector perform rating to an underperform rating in a research note published on Friday morning.

A number of other research firms also recently commented on PGF. Royal Bank Of Canada dropped their target price on shares of Pengrowth Energy Corp from C$1.25 to C$1.00 and set a sector perform rating on the stock in a research report on Tuesday, August 15th. National Bank Financial dropped their target price on shares of Pengrowth Energy Corp from C$1.00 to C$0.80 and set a sector perform rating on the stock in a research report on Friday, September 8th. TD Securities dropped their target price on shares of Pengrowth Energy Corp from C$1.10 to C$1.05 and set a hold rating on the stock in a research report on Tuesday, August 15th. Canaccord Genuity downgraded shares of Pengrowth Energy Corp from a speculative buy rating to a hold rating and dropped their target price for the company from C$1.75 to C$1.15 in a research report on Tuesday, July 11th. Finally, Barclays PLC dropped their target price on shares of Pengrowth Energy Corp from C$1.00 to C$0.50 in a research report on Monday, July 24th. Five 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 company’s stock. Pengrowth Energy Corp currently has an average rating of Hold and an average price target of C$1.21.

Shares of Pengrowth Energy Corp (PGF) opened at 1.34 on Friday. Pengrowth Energy Corp has a 1-year low of $0.68 and a 1-year high of $2.32. The stock’s 50 day moving average is $0.97 and its 200 day moving average is $1.09. The firm’s market capitalization is $740.01 million.

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In other Pengrowth Energy Corp news, insider Seymour Schulich acquired 3,000,000 shares of the stock in a transaction on Monday, September 25th. The shares were bought at an average cost of C$1.41 per share, with a total value of C$4,230,000.00.

About Pengrowth Energy Corp

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 Corp (TSE:PGF)

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