On March 7, an analyst has provided a rating update for the Materials sector company, Pengrowth Energy (PGF). Analyst Nick Lupick from AltaCorp Captial reiterated a Sell rating, with a C$0.60 price target on March 7.
According to TipRanks.com, Lupick is ranked 0 out of 5 stars with an average return of -7.6% and a 40.3% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Pengrowth Energy with a C$0.64 average price target, implying a 0.0% upside from current levels. In a report issued on March 7, Raymond James also maintained a Sell rating on the stock with a C$0.50 price target.
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The company has a one-year high of C$1.24 and a one-year low of C$0.47. Currently, Pengrowth Energy has an average volume of 472.2K.
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 Monday at C$0.64.
