Pengrowth Energy Corp (TSE:PGF) had its price objective reduced by RBC Capital from C$1.40 to C$1.00 in a report issued on Friday, MarketBeat.Com reports. The brokerage presently has a “sector perform” rating on the stock. RBC Capital’s target price points to a potential upside of 19.05% from the company’s current price.

Other analysts have also issued research reports about the stock. Raymond James reduced their price target on shares of Pengrowth Energy Corp from C$2.25 to C$1.75 in a research report on Friday, October 16th. Scotiabank lowered their target price on shares of Pengrowth Energy Corp from C$4.00 to C$3.00 in a research note on Tuesday, September 29th. CIBC lowered their target price on shares of Pengrowth Energy Corp from C$2.50 to C$1.50 in a research note on Thursday, January 14th. Canaccord Genuity lowered their target price on shares of Pengrowth Energy Corp from C$3.00 to C$2.25 and set a “buy” rating for the company in a research note on Tuesday, January 19th. Finally, Barclays lowered their target price on shares of Pengrowth Energy Corp from C$1.50 to C$1.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 20th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$1.54.

Shares of Pengrowth Energy Corp (TSE:PGF) traded up 8.97% during mid-day trading on Friday, reaching $0.85. The company’s stock had a trading volume of 1,650,941 shares. Pengrowth Energy Corp has a one year low of $0.66 and a one year high of $4.48. The stock’s market cap is $461.58 million. The stock has a 50 day moving average of $0.97 and a 200-day moving average of $1.40.

Pengrowth Energy Corporation is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company is focused on further developing the Lindbergh Thermal Project, located in East Central Alberta, near Cold Lake. The Company’s principal conventional operations include Greater Olds/Garrington Area, where the Company holds a continuous land base with over 800 gross sections of Cardium-access rights, infrastructure and operatorship; Swan Hills Trend, a conventional oil resource , which provides it with opportunities to put its technical experience of carbonate reservoirs to work on its operated interests in Judy Creek, Carson Creek, Deer Mountain, Virginia Hills and Sawn Lake, where Pengrowth has control of the infrastructure and Bernadet Montney, where it has more than 50 gross sections of Montney land with liquids content.

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