Pengrowth Energy Corp (PGF) Given New C$0.80 Price Target at National Bank Financial

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price target decreased by National Bank Financial from C$1.00 to C$0.80 in a research report report published on Friday morning. National Bank Financial currently has a sector perform rating on the stock.

Several other analysts have also recently weighed in on the company. Royal Bank Of Canada reduced their price target on Pengrowth Energy Corp from C$1.75 to C$1.50 and set a sector perform rating on the stock in a report on Wednesday, July 12th. Barclays PLC reduced their target price on Pengrowth Energy Corp from C$1.00 to C$0.50 in a report on Monday, July 24th. Canaccord Genuity cut Pengrowth Energy Corp from a speculative buy rating to a hold rating and reduced their target price for the company from C$1.75 to C$1.15 in a report on Tuesday, July 11th. Finally, TD Securities reduced their target price on Pengrowth Energy Corp from C$1.05 to C$0.85 and set a hold rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of C$1.26.

Pengrowth Energy Corp (TSE PGF) opened at 0.79 on Friday. Pengrowth Energy Corp has a 52 week low of $0.68 and a 52 week high of $2.32. The stock has a 50 day moving average of $0.81 and a 200 day moving average of $1.15. The company’s market cap is $436.27 million.

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About Pengrowth Energy Corp

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. The company explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids.

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