Pengrowth Energy (PGF) Sets New 12-Month Low at $0.73

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.

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

COPYRIGHT VIOLATION WARNING: This story was published by WKRB News and is the property of of WKRB News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.wkrb13.com/2018/11/26/pengrowth-energy-pgf-sets-new-12-month-low-at-0-73.html.

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.

Featured Article: How is the S&P 500 index different from the DJIA?

Receive News & Ratings for Pengrowth Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply