Pengrowth Energy Corp (TSE:PGF) had its target price reduced by TD Securities from C$1.00 to C$0.90 in a research note released on Monday, Marketbeat reports. They currently have a hold rating on the stock.

Several other equities analysts have also commented on the company. Scotiabank reissued a sector outperform rating and issued a C$3.00 target price on shares of Pengrowth Energy Corp in a report on Wednesday, October 7th. Raymond James dropped their target price on Pengrowth Energy Corp from C$2.25 to C$1.75 in a report on Friday, October 16th. Barclays lowered Pengrowth Energy Corp from an overweight rating to an equal weight rating and dropped their target price for the company from C$2.75 to C$1.50 in a report on Thursday, October 29th. National Bank Financial dropped their target price on Pengrowth Energy Corp from C$2.00 to C$1.75 and set a sector perform rating on the stock in a report on Thursday, December 3rd. Finally, RBC Capital began coverage on Pengrowth Energy Corp in a report on Monday, November 30th. They issued a sector perform rating and a C$1.50 target price on the stock. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Pengrowth Energy Corp has an average rating of Hold and an average price target of C$1.54.

Pengrowth Energy Corp (TSE:PGF) opened at 0.96 on Monday. The company has a 50 day moving average price of $0.96 and a 200 day moving average price of $1.38. The stock’s market cap is $521.31 million. Pengrowth Energy Corp has a 52 week low of $0.66 and a 52 week high of $4.48.

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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