RBC Capital Markets disclosed Pengrowth Energy (NYSE:PGH), hiking its price target to $1.50 earlier today
- Updated: October 2, 2016
Reporting a potential upside of 0.06%, RBC Capital Markets upped the price target of Pengrowth Energy (NYSE:PGH) to $1.50
Having a price of $1.42, Pengrowth Energy (NYSE:PGH) traded 1.92% higher on the day. The last closing price is down 2.55% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Pengrowth Energy has recorded a 50-day average of $1.53 and a two hundred day average of $1.55. Volume of trade was up over the average, with 1,577,070 shares of PGH changing hands over the typical 1,051,690
With a total market value of $0, Pengrowth Energy has 52 week low of $0.45 and a 52 week high of $2.08 .
In addition to RBC Capital Markets reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $1.42 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About 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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