Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.48 and traded as low as $0.26. Pengrowth Energy shares last traded at $0.27, with a volume of 139,508 shares trading hands.
A number of research firms have recently issued reports on PGF. Raymond James restated an “underperform” rating and set a C$0.50 price objective on shares of Pengrowth Energy in a research report on Monday, August 12th. BMO Capital Markets lowered their price target on Pengrowth Energy from C$0.60 to C$0.50 in a research report on Friday, August 9th. Finally, CIBC lowered their price target on Pengrowth Energy from C$0.50 to C$0.30 in a research report on Thursday, July 18th. Five analysts have rated the stock with a sell rating, The stock presently has an average rating of “Sell” and a consensus price target of C$0.53.
The business has a 50-day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.48. The stock has a market capitalization of $145.61 million and a P/E ratio of -0.24. The company has a quick ratio of 0.09, a current ratio of 0.21 and a debt-to-equity ratio of 528.83.
Pengrowth Energy (TSE:PGF) (NYSE:PGH) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.16) earnings per share for the quarter. The business had revenue of C$144.40 million during the quarter. On average, sell-side analysts forecast that Pengrowth Energy Corp will post -0.21 earnings per share for the current year.
About Pengrowth Energy (TSE:PGF)
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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