In a new note to investors yesterday, an analyst has provided a rating update for Pengrowth Energy (PGF). Raymond James’ analyst Chris Cox reiterates their Sell rating on the shares, with a C$0.50 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.6% and a 45.6% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
Pengrowth Energy has an analyst consensus of Moderate Sell, with a price target consensus of C$0.80.
Pengrowth Energy’s market cap is currently C$372.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.49.
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 Thursday at C$0.64, close to its 52-week low of C$0.61.
