RBC Capital issued a report on Pengrowth Energy (NYSE:PGH), upping its target price to $1.50 today
- Updated: September 27, 2016
Pengrowth Energy (NYSE:PGH) had its target price raised to $1.50 by RBC Capital in an issued report announced 9/28/2016. The bumped up stock price target implies a possible upside of 0.06% from the company's last closing price.
Yesterday Pengrowth Energy (NYSE:PGH) traded -1.39% lower at $1.42. PGH’s 50-day average is $1.53 and its two hundred day average is $1.55. With the last stock price close down -8.12% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 952,924 shares of PGH changing hands under the typical 1,009,990
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Pengrowth Energy has a with a one year low of $0.45 and a one year high of $2.08 PGH’s total market value is presently $0.
A total of 6 analysts have released a report on PGH. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, four equity analysts rating the company a hold, zero brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $1.42.
General Company Details For Pengrowth Energy (NYSE:PGH)
Pengrowth Energy Corporation is a resource company, which is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land. The Company is focused on the Western Canadian Sedimentary Basin. The Company's conventional oil and gas portfolio includes a contiguous land base in the Greater Olds/Garrington area, encompassing over 480 gross sections of land, with opportunities in the Cardium, Viking and Mannville sands, as well as in the Mississippian carbonate section. The Company's asset, Groundbirch/Bernadet Montney natural gas is a gas resources play in North America, located in Bernadet. It also controls light oil accumulations in the Swan Hills area of northern Alberta. It has approximately 50 gross sections of Montney land with liquids content ranging from 0-75 barrel/million cubic feet (bbl/MMcf).
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