What Will Happen to Pengrowth Energy Corp Next? The Stock Just Has Increased A Lot

 What Will Happen to Pengrowth Energy Corp Next? The Stock Just Has Increased A Lot

The stock of Pengrowth Energy Corp (TSE:PGF) is a huge mover today! About 1.27 million shares traded hands or 5.83% up from the average. Pengrowth Energy Corp (TSE:PGF) has risen 6.81% since April 27, 2016 and is uptrending. It has outperformed by 0.88% the S&P500.
The move comes after 8 months positive chart setup for the $1.43 billion company. It was reported on Dec, 1 by Barchart.com. We have $2.26 PT which if reached, will make TSE:PGF worth $42.90 million more.

Pengrowth Energy Corp (TSE:PGF) Ratings Coverage

Out of 7 analysts covering Pengrowth Energy (TSE:PGF), 0 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 0 are positive. $4 is the highest target while $1 is the lowest. The $1.85 average target is -15.53% below today’s ($2.19) stock price. Pengrowth Energy has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, November 3 by Scotia Capital. The rating was maintained by Scotia Capital on Wednesday, October 7 with “Sector Outperform”. The company was maintained on Friday, August 7 by TD Securities. As per Friday, July 22, the company rating was downgraded by Barclays Capital. Scotia Capital maintained it with “Sector Perform” rating and $2.25 target price in Friday, October 7 report. As per Thursday, October 29, the company rating was downgraded by Barclays Capital. The stock of Pengrowth Energy Corp (TSE:PGF) has “Reduce” rating given on Thursday, November 3 by TD Securities. Desjardins Securities maintained it with “” rating and $2 target price in Tuesday, June 28 report. On Wednesday, September 2 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was initiated by IBC with “Underperform” on Wednesday, June 15.

More notable recent Pengrowth Energy Corp (TSE:PGF) news were published by: Fool.com which released: “Pengrowth Energy Corp. Continues to Take Baby Steps When It Has a Gigantic Problem” on November 22, 2016, also Fool.com with their article: “Better Buy: Encana Corp or Pengrowth Energy Corp” published on October 04, 2016, Fool.com published: “How Pengrowth Energy Corp Added $1 Billion in Value Virtually Overnight” on October 10, 2016. More interesting news about Pengrowth Energy Corp (TSE:PGF) were released by: Fool.com and their article: “Is Pengrowth Energy Corp.’s Survival Plan Working?” published on August 18, 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 $1.43 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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