Pengrowth Energy (PGF) Gets a Sell Rating from CIBC
Today, an analyst has provided a rating update for the Materials sector company, Pengrowth Energy (PGF). Analyst Jamie Kubik from CIBC reiterated a Sell rating, with a C$0.30 price target.
According to TipRanks.com, Kubik ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -19.4% and a 21.8% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Currently, the analyst consensus on Pengrowth Energy is a Moderate Sell with an average price target of C$0.46.
The company has a one-year high of C$1.24 and a one-year low of C$0.44. Currently, Pengrowth Energy has an average volume of 554.5K.
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$0.51, close to its 52-week low of C$0.44.