Barclays Maintains an 'Underweight' on Pengrowth Energy Trust (PGH) NAL Acquisition is Give and Take

Barclays Maintain an 'Underweight' on Pengrowth Energy Trust (NYSE: PGH) price target of $11.00.

Analyst, Grant Hofer, said, "Although NAL adds depth and visibility to PGF's asset base, our 2013 production forecast grows by just 60% of the acquired volumes (up 16,700 boe/d vs. NAL's production of 28,200 boe/d) driving a declining cash flow profile that may weigh on the stock."

For an analyst ratings summary and ratings history on Pengrowth Energy Trust click here. For more ratings news on Pengrowth Energy Trust click here.

Shares of Pengrowth Energy Trust closed at $9.76 yesterday.

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