Pengrowth Energy Gets a Hold Rating from BMO Capital

By Ryan Adsit

In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Pengrowth Energy (TSX: PGF). Analyst Ray Kwan from BMO Capital reiterated a Hold rating, with a C$1.20 price target.

According to TipRanks.com, Kwan is ranked 0 out of 5 stars with an average return of -6.5% and a 41.6% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Pengrowth Energy Corp, Enerplus Corp, and Encana Corp.

Pengrowth Energy has an analyst consensus of Moderate Sell, with a price target consensus of C$1.09.

The company has a one-year high of C$1.91 and a one-year low of C$0.68. Currently, Pengrowth Energy has an average volume of 855.1K.

Pengrowth Energy Corp. is a Canadian oil and natural gas exploration company. The company engages in the development, acquisition, and exploration of oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. It focuses on the development of Western Canadian Sedimentary Basin.

The company’s shares closed on Thursday at C$1.14.