Raymond James Reiterates “Underperform” Rating for Pengrowth Energy (TSE:PGF)

Raymond James restated their underperform rating on shares of Pengrowth Energy (TSE:PGF) (NYSE:PGH) in a research note published on Monday morning, BayStreet.CA reports. The brokerage currently has a C$0.50 price objective on the stock.

Other research analysts have also recently issued reports about the company. CIBC lowered their price objective on Pengrowth Energy from C$0.50 to C$0.30 in a research report on Thursday, July 18th. BMO Capital Markets lowered their price objective on Pengrowth Energy from C$0.60 to C$0.50 in a research report on Friday, August 9th. Five investment analysts have rated the stock with a sell rating, Pengrowth Energy has a consensus rating of Sell and a consensus price target of C$0.53.

TSE:PGF opened at C$0.33 on Monday. The stock has a 50-day simple moving average of C$0.45 and a 200-day simple moving average of C$0.57. The stock has a market cap of $196.01 million and a P/E ratio of -0.32. Pengrowth Energy has a 1 year low of C$0.32 and a 1 year high of C$1.24. The company has a debt-to-equity ratio of 357.95, a quick ratio of 0.14 and a current ratio of 0.26.

About Pengrowth Energy

Pengrowth Energy Corporation, a resource company, explores for, develops, and produces 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. Its principal producing properties are the Lindbergh thermal property covering an area of 20,800 net acres located in Alberta; and Groundbirch property totaling an area of 12,536 net acres located to the south west of Fort St.

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Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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