Royal Bank Of Canada Trims Pengrowth Energy Corp (PGF) Target Price to C$1.00

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price target lowered by Royal Bank Of Canada from C$1.25 to C$1.00 in a research note published on Tuesday. The firm currently has a sector perform rating on the stock.

PGF has been the subject of several other reports. TD Securities boosted their price target on Pengrowth Energy Corp from C$1.20 to C$1.55 and gave the company a hold rating in a report on Thursday, April 27th. Barclays PLC dropped their price objective on Pengrowth Energy Corp from C$1.00 to C$0.50 in a report on Monday, July 24th. Canaccord Genuity downgraded Pengrowth Energy Corp from a speculative buy rating to a hold rating and dropped their price objective for the stock from C$1.75 to C$1.15 in a report on Tuesday, July 11th. Finally, Scotiabank restated an underperform rating and set a C$1.50 price objective on shares of Pengrowth Energy Corp in a report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of C$1.35.

Pengrowth Energy Corp (TSE PGF) opened at 0.73 on Tuesday. The company has a 50-day moving average price of $0.90 and a 200 day moving average price of $1.26. The stock’s market capitalization is $403.14 million. Pengrowth Energy Corp has a 12 month low of $0.68 and a 12 month high of $2.32.

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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.

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