Pengrowth Energy Corp Price Target Cut to $7.50 (PGH)

Pengrowth Energy Corp (NYSE: PGH) had its price target lowered by Canaccord Genuity from $8.00 to $7.50 in a research report released on Friday morning.

Pengrowth Energy Corp remained flat at $4.66 during trading on Friday. Pengrowth Energy Corp has a 1-year low of $3.82 and a 1-year high of $10.21. The stock’s 50-day moving average is currently $4.56. The company has a market cap of $1.923 billion and a price-to-earnings ratio of 150.32.

The company also recently declared a monthly dividend, which is scheduled for Friday, March 15th. Investors of record on Monday, February 25th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date of this dividend is Thursday, February 21st.

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