Raymond James Reiterates “Underperform” Rating for Pengrowth Energy (TSE:PGF)

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Raymond James reaffirmed their underperform rating on shares of Pengrowth Energy (TSE:PGF) (NYSE:PGH) in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has a C$0.50 price objective on the stock.

Other equities analysts also recently issued reports about the company. BMO Capital Markets cut their target price on Pengrowth Energy from C$0.60 to C$0.50 in a research note on Friday, August 9th. CIBC cut their target price on Pengrowth Energy from C$0.50 to C$0.30 in a research note on Thursday, July 18th. Five equities research analysts have rated the stock with a sell rating, Pengrowth Energy presently has a consensus rating of Sell and a consensus price target of C$0.53.

Shares of PGF stock opened at C$0.33 on Monday. The company has a market cap of $196.01 million and a price-to-earnings ratio of -0.32. The stock has a 50 day simple moving average of C$0.45 and a 200-day simple moving average of C$0.57. Pengrowth Energy has a 12-month low of C$0.32 and a 12-month high of C$1.24. The company has a current ratio of 0.26, a quick ratio of 0.14 and a debt-to-equity ratio of 357.95.

Pengrowth Energy Company Profile

Pengrowth Energy Corporation, a resource company, explores for, develops, and produces oil and natural gas assets in Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. The company explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids. Its principal producing properties are the Lindbergh thermal property covering an area of 20,800 net acres located in Alberta; and Groundbirch property totaling an area of 12,536 net acres located to the south west of Fort St.

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Analyst Recommendations for Pengrowth Energy (TSE:PGF)

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