Time to Buy Pengrowth Energy Corp After Today’s Huge Decline?

 Time to Buy Pengrowth Energy Corp After Today's Huge Decline?

The stock of Pengrowth Energy Corp (TSE:PGF) is a huge mover today! About 497,865 shares traded hands. Pengrowth Energy Corp (TSE:PGF) has risen 57.86% since March 24, 2016 and is uptrending. It has outperformed by 54.38% the S&P500.
The move comes after 8 months negative chart setup for the $1.16B company. It was reported on Oct, 31 by Barchart.com. We have $1.98 PT which if reached, will make TSE:PGF worth $92.80M less.

Pengrowth Energy Corp (TSE:PGF) Ratings Coverage

Out of 7 analysts covering Pengrowth Energy (TSE:PGF), 0 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 0 are positive. Pengrowth Energy has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. TD Securities maintained the shares of PGF in a report on Friday, August 7 with “Hold” rating. The stock of Pengrowth Energy Corp (TSE:PGF) has “” rating given on Tuesday, June 28 by Desjardins Securities. On Thursday, October 29 the stock rating was downgraded by Barclays Capital to “Equal Weight”. Scotia Capital maintained Pengrowth Energy Corp (TSE:PGF) on Wednesday, October 7 with “Sector Outperform” rating. The company was initiated on Monday, November 30 by RBC Capital Markets. As per Friday, July 22, the company rating was downgraded by Barclays Capital. Scotia Capital maintained it with “Outperform” rating and $4 target price in Wednesday, September 2 report. Scotia Capital maintained the shares of PGF in a report on Friday, October 7 with “Sector Perform” rating. The rating was upgraded by Canaccord Genuity on Tuesday, August 11 to “Buy”. As per Wednesday, June 15, the company rating was initiated by IBC.

More notable recent Pengrowth Energy Corp (TSE:PGF) news were published by: Fool.com which released: “Better Buy: Encana Corp or Pengrowth Energy Corp” on October 04, 2016, also Fool.com with their article: “How Pengrowth Energy Corp Added $1 Billion in Value Virtually Overnight” published on October 10, 2016, Fool.com published: “Is Pengrowth Energy Corp.’s Survival Plan Working?” on August 18, 2016. More interesting news about Pengrowth Energy Corp (TSE:PGF) were released by: Fool.com and their article: “How Safe Is Pengrowth Energy Corporation Stock?” published on April 01, 2016 as well as Fool.com‘s news article titled: “Has Pengrowth Energy Corp Done Enough to Survive?” with publication date: May 31, 2016.

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 has a market cap of $1.16 billion. The Firm owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land. It currently has negative earnings. The Firm is focused on the Western Canadian Sedimentary Basin.

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