Pengrowth Energy Corp (USA) (PGH) is Downgraded by RBC Capital Mkts to Underperform, Raises Price Target to $ 1.25

Pengrowth Energy Corp (USA) (PGH) was Downgraded by RBC Capital Mkts to ” Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 1.25 from a previous price target of $1.10 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Apr 21, 2016.

Pengrowth Energy Corp (USA) closed down -0.01 points or -0.79% at $1.25 with 14,73,606 shares getting traded on Monday. Post opening the session at $1.18, the shares hit an intraday low of $1.18 and an intraday high of $1.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Pengrowth Energy Corporation is engaged in the production development exploration and acquisition of oil and natural gas assets. The Company is focused on further developing the Lindbergh Thermal Project located in East Central Alberta near Cold Lake. The Company’s principal conventional operations include Greater Olds/Garrington Area where the Company holds a continuous land base with over 800 gross sections of Cardium-access rights infrastructure and operatorship; Swan Hills Trend a conventional oil resource which provides it with opportunities to put its technical experience of carbonate reservoirs to work on its operated interests in Judy Creek Carson Creek Deer Mountain Virginia Hills and Sawn Lake where Pengrowth has control of the infrastructure and Bernadet Montney where it has more than 50 gross sections of Montney land with liquids content.

Pengrowth Energy Corp (USA)

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