Pengrowth Energy (PGF), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Chris Cox from Raymond James remains bearish on the stock and has a C$0.50 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.2% and a 45.5% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
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Currently, the analyst consensus on Pengrowth Energy is a Moderate Sell with an average price target of C$0.43.
The company has a one-year high of C$1.24 and a one-year low of C$0.37. Currently, Pengrowth Energy has an average volume of 521.2K.
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$0.36.
