Pengrowth Energy (PGF) PT Lowered to C$0.70 at CIBC

Pengrowth Energy (TSE:PGF) (NYSE:PGH) had its target price reduced by CIBC from C$1.00 to C$0.70 in a report published on Thursday morning.

PGF has been the topic of several other reports. BMO Capital Markets lowered their price target on shares of Pengrowth Energy from C$1.30 to C$1.00 in a research note on Friday, November 9th. National Bank Financial lifted their price target on shares of Pengrowth Energy from C$1.10 to C$1.15 and gave the company a sector perform rating in a research note on Friday, October 5th. Finally, TD Securities lowered their price target on shares of Pengrowth Energy from C$0.90 to C$0.80 and set a reduce rating on the stock in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Pengrowth Energy currently has a consensus rating of Hold and a consensus price target of C$0.97.

Shares of PGF stock opened at C$0.74 on Thursday. The company has a debt-to-equity ratio of 93.69, a quick ratio of 0.23 and a current ratio of 0.32. Pengrowth Energy has a 1 year low of C$0.73 and a 1 year high of C$1.24.

In other news, insider Seymour Schulich acquired 1,000,000 shares of the stock in a transaction dated Thursday, September 20th. The shares were bought at an average cost of C$0.99 per share, for a total transaction of C$990,000.00. Insiders have bought a total of 6,979,900 shares of company stock worth $7,475,679 over the last 90 days.

Pengrowth Energy Company Profile

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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Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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