A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Raymond James’ analyst Chris Cox reiterates their Sell rating on the shares of Pengrowth Energy (PGF), with a C$0.50 price target.
According to TipRanks.com, Cox is a 2-star analyst with an average return of 0.3% and a 48.9% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
The word on The Street in general, suggests a Strong Sell analyst consensus rating for Pengrowth Energy with a C$0.64 average price target.
Based on Pengrowth Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$109 million and GAAP net loss of C$503 million. In comparison, last year the company had a GAAP net loss of C$27.2 million.
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$0.53, close to its 52-week low of C$0.47.
