Pengrowth Energy (TSE:PGF) Sets New 12-Month Low at $0.47

Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH)’s share price hit a new 52-week low on Friday . The company traded as low as C$0.47 and last traded at C$0.47, with a volume of 189800 shares changing hands. The stock had previously closed at C$0.48.

A number of brokerages have recently weighed in on PGF. Raymond James restated an “average” rating and set a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a research report on Thursday, May 9th. National Bank Financial raised their price objective on Whitecap Resources from C$8.00 to C$9.50 in a research report on Monday, April 8th. Six analysts have rated the stock with a sell rating, The company presently has an average rating of “Sell” and an average price target of C$0.67.

The stock has a market cap of $263.21 million and a PE ratio of -0.46. The company’s 50-day moving average price is C$0.50. The company has a debt-to-equity ratio of 357.95, a quick ratio of 0.14 and a current ratio of 0.26.

Pengrowth Energy (TSE:PGF) (NYSE:PGH) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter. The firm had revenue of C$128.30 million during the quarter. As a group, sell-side analysts predict that Pengrowth Energy Corp will post -0.05 earnings per share for the current year.

Pengrowth Energy Company Profile (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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