Pengrowth Energy (TSE:PGF) Target Change
In an analyst note sent to clients and investors by Canaccord Genuity on 7 October, Pengrowth Energy (TSE:PGF) had its target price upped to $2.40. The firm at present has Hold rating on the stock.
The target increase is well-received by stock traders, as TSE:PGF is at the moment trading 0.45% higher at $2.24 as of 07:51 New York time. Pengrowth Energy shares have increased 114.42% in the past 200 days, while the S&P500 has risen 6.91% in the same time period.
Out of 12 analysts covering Pengrowth Energy, 0 rate it a Buy, 7 indicate a Hold while 6 suggest a Sell. The highest target is $1.92 and the lowest is $0.81 according to Thomson/First Call. The 12-month mean target is $1.48, which means downside potential of 33.93% over the current price.
TSE:PGF Price Chart & Trend
The stock price of Pengrowth Energy gained 114.42% over the last 200 days, and is in powerful up trend. In the last 50 and 100 days, Pengrowth Energy is up 12.06% and up 3.72%, respectively. Our stocks momentum model is shown on the price chart below.
Pengrowth Energy (TSE:PGF) Profile
Pengrowth Energy Corporation is a resource company, which is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land. The Company is focused on the Western Canadian Sedimentary Basin.
Pengrowth Energy (TSE:PGF) traded up 0.45% on 7 October, hitting $2.24. A total of 1.17 million shares of the company’s stock traded hands. This is down from average of 1.76 million shares. Pengrowth Energy has a 52 week low of $0.66 and a 52 week high of $2.7. The company has a market cap of $1.25 billion and a P/E ratio of 0.
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