The Globe and Mail reports in its Thursday edition that Desjardins Capital Markets continues to rate Pengrowth Energy ($3.36) "buy." The Globe's Darcy Keith, Jody White and Ahmad Hathout write in the Eye On Equities column that Desjardins, however, stresses the rating comes with above-average risk, based on progress made on its Lindbergh thermal oil project in Alberta. Desjardins says: "The Pengrowth Lindbergh project is tracking the pilot project with a high degree of precision. Even though we have only four months of publicly available data for the commercial project, the outlook remains positive -- particularly given that the company provided an operational update [yesterday] that suggested even better results. While there is undoubtedly some overhanging uncertainty associated with the new Alberta government, we believe the stock presents an attractive entry point at current levels." Desjardins targets the shares at $5. Analysts on average target the shares at $4.57. The Globe reported on July 8, 2014, that Raymond James analysts were bullish on Pengrowth. The analysts rated Pengrowth "outperform." Pengrowth shares could then be had for $7.40. Pengrowth shares have a 52-week range of $2.76 to $7.78.