Pengrowth Energy (TSE:PGF) Given Underperform Rating at Raymond James

Pengrowth Energy (TSE:PGF) (NYSE:PGH)‘s stock had its “underperform” rating reiterated by equities research analysts at Raymond James in a report released on Monday, BayStreet.CA reports. They presently have a C$0.50 price target on the stock. Raymond James’ price target points to a potential upside of 42.86% from the company’s current price.

Several other equities analysts have also recently weighed in on PGF. CIBC decreased their price target on shares of Pengrowth Energy from C$0.50 to C$0.30 in a research note on Thursday, July 18th. BMO Capital Markets decreased their target price on shares of Pengrowth Energy from C$0.60 to C$0.50 in a research note on Friday. Five research analysts have rated the stock with a sell rating, The stock currently has an average rating of “Sell” and a consensus price target of C$0.53.

Shares of PGF opened at C$0.35 on Monday. The company has a market cap of $212.81 million and a PE ratio of -0.34. Pengrowth Energy has a twelve month low of C$0.35 and a twelve month high of C$1.24. The business’s 50 day simple moving average is C$0.46. The company has a quick ratio of 0.14, a current ratio of 0.26 and a debt-to-equity ratio of 357.95.

Pengrowth Energy Company Profile

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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