Yesterday, an analyst has provided a rating update for the Materials sector company, Pengrowth Energy (TSX: PGF). The company received a Sell rating from AltaCorp Captial’s analyst Nick Lupick, with a C$1 price target.
Lupick has an average return of 22.7% when recommending Pengrowth Energy.
According to TipRanks.com, Lupick is ranked #1833 out of 4873 analysts.
Currently, the analyst consensus on Pengrowth Energy is a Moderate Sell with an average price target of C$1.01.
Pengrowth Energy’s market cap is currently C$500.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.66.
Pengrowth Energy Corp. is a Canadian oil and natural gas exploration company. It engages in the development, acquisition, and exploration of oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. It focuses on the development of Western Canadian Sedimentary Basin.
The company’s shares closed on Wednesday at C$0.90.
