Pengrowth Energy (TSE:PGF) (NYSE:PGH) had its price target cut by Royal Bank of Canada from C$0.90 to C$0.80 in a research report sent to investors on Thursday. They currently have an underperform rating on the stock.
PGF has been the subject of several other reports. CIBC cut their target price on shares of Pengrowth Energy from C$1.00 to C$0.70 in a research report on Thursday, November 22nd. Canaccord Genuity lowered shares of Pengrowth Energy from a hold rating to a sell rating and cut their target price for the company from C$1.00 to C$0.60 in a research report on Thursday, January 10th. National Bank Financial dropped their price target on shares of Pengrowth Energy from C$1.15 to C$0.90 and set a sector perform rating for the company in a research report on Monday, December 10th. AltaCorp Capital lowered shares of Pengrowth Energy from a sector perform rating to an underperform rating in a research report on Monday, January 7th. Finally, BMO Capital Markets dropped their price target on shares of Pengrowth Energy from C$1.30 to C$1.00 in a research report on Friday, November 9th. Six analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock currently has a consensus rating of Sell and an average price target of C$0.68.
Shares of TSE PGF opened at C$0.62 on Thursday. The company has a debt-to-equity ratio of 93.69, a current ratio of 0.32 and a quick ratio of 0.23. The company has a market cap of $344.79 million and a P/E ratio of -1.29. Pengrowth Energy has a 12-month low of C$0.47 and a 12-month high of C$1.24.
Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in 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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