Analysis: Pengrowth Energy (TSE:PGF) Target Change Today
In analysts note released by National Bank Financial on Thursday morning, the firm, Pengrowth Energy (TSE:PGF), had their TP downgraded to $1.75. Analusts presently have a solid Sector Perform rating on the stock.
From a total of 15 analysts covering Pengrowth Energy (TSE:PGF) stock, 4 rate it a ”Buy”, 3 a “Sell”, and 8 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is $2.62 while the lowest target price is $0.93. The mean of all analyst targets is $1.6 with a 86.67% above today’s ($1.2) stock price. Pengrowth Energy was the topic of 17 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets initiated shares on November 30 with “Sector Perform” rating. Scotia Capital maintained PGF stock in a recent report from October 7 with “Sector Outperform” rating.
Approximately 360,094 shares of stock traded hands. Pengrowth Energy Corp (TSE:PGF) has declined 71.85% since April 30, 2015 and is downtrending. It has underperformed by 71.56% the S&P500.
Pengrowth Energy Corporation is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The company has a market cap of $651.64 million. The Firm is focused on further developing the Lindbergh Thermal Project, located in East Central Alberta, near Cold Lake. It currently has negative earnings.