Pengrowth Energy Corp (PGF) Receives Average Recommendation of “Sell” from Analysts

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) has earned an average rating of “Sell” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$0.84.

PGF has been the topic of several recent research reports. BMO Capital Markets reduced their price target on Pengrowth Energy from C$1.30 to C$1.00 in a research report on Friday, November 9th. CIBC reduced their price target on Pengrowth Energy from C$1.00 to C$0.70 in a research report on Thursday, November 22nd. National Bank Financial reduced their price target on Pengrowth Energy from C$1.15 to C$0.90 and set a “sector perform” rating on the stock in a research report on Monday, December 10th. AltaCorp Capital lowered Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 7th. Finally, Royal Bank of Canada reduced their price target on Pengrowth Energy from C$1.00 to C$0.90 in a research report on Tuesday, January 8th.

TSE:PGF opened at C$0.76 on Tuesday. Pengrowth Energy has a 12-month low of C$0.47 and a 12-month high of C$1.24. The company has a debt-to-equity ratio of 93.69, a quick ratio of 0.23 and a current ratio of 0.32. The firm has a market capitalization of $417.09 million and a PE ratio of -1.58.



About Pengrowth Energy

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.

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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