Shares of Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) hit a new 52-week low during trading on Monday . The company traded as low as C$0.73 and last traded at C$0.74, with a volume of 269695 shares traded. The stock had previously closed at C$0.74.
A number of analysts have recently commented on the stock. National Bank Financial reissued a “sector perform market weight” rating on shares of Pengrowth Energy in a research report on Friday, August 3rd. CIBC cut their price objective on shares of Pengrowth Energy from C$1.00 to C$0.70 in a research report on Thursday. TD Securities dropped 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 report on Tuesday, August 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. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$0.97.
The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 93.69.
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About Pengrowth Energy (TSE:PGF)
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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