According to The Fly, in a report released yesterday, Ray Kwan from BMO Capital reiterated a Hold rating on Pengrowth Energy Corp (PGH). The company’s shares closed last Friday at $0.73.
According to TipRanks.com, Kwan has 0 stars on 0-5 star ranking scale with an average return of -8.5% and a 33.8% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Baytex Energy Corp.
The the analyst consensus on Pengrowth Energy Corp is currently a Moderate Sell rating.
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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.
