Analysts Set Pengrowth Energy Corporation (PGH) PT at $2.00

Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) has received a consensus rating of “Sell” from the ten research firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $2.00.

PGH has been the subject of several recent analyst reports. Royal Bank Of Canada cut Pengrowth Energy Corporation from a “sector perform” rating to an “underperform” rating in a report on Friday, November 10th. Zacks Investment Research raised Pengrowth Energy Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. AltaCorp Capital lowered Pengrowth Energy Corporation from a “sector perform” rating to an “underperform” rating in a research report on Friday, October 6th. ValuEngine lowered Pengrowth Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. Finally, TD Securities lowered Pengrowth Energy Corporation from a “hold” rating to a “reduce” rating in a research report on Monday, October 2nd.

Large investors have recently bought and sold shares of the stock. Guardian Capital Advisors LP raised its position in Pengrowth Energy Corporation by 127.2% during the second quarter. Guardian Capital Advisors LP now owns 105,995 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 59,340 shares during the period. JPMorgan Chase & Co. acquired a new position in Pengrowth Energy Corporation in the 1st quarter worth about $117,000. Creative Planning increased its position in Pengrowth Energy Corporation by 6.9% in the 2nd quarter. Creative Planning now owns 135,218 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 8,766 shares during the last quarter. Shell Asset Management Co. increased its position in Pengrowth Energy Corporation by 154.6% in the 3rd quarter. Shell Asset Management Co. now owns 148,424 shares of the oil and gas company’s stock worth $871,000 after purchasing an additional 90,124 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Pengrowth Energy Corporation by 8.9% in the 1st quarter. Bank of America Corp DE now owns 162,905 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 13,320 shares during the last quarter. 16.66% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2017/11/16/analysts-set-pengrowth-energy-corporation-pgh-pt-at-2-00.html.

Pengrowth Energy Corporation (NYSE:PGH) traded down $0.07 during trading hours on Friday, hitting $0.86. The stock had a trading volume of 1,202,800 shares, compared to its average volume of 897,951. Pengrowth Energy Corporation has a fifty-two week low of $0.54 and a fifty-two week high of $1.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07.

About Pengrowth Energy Corporation

Pengrowth Energy Corporation is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta.

Analyst Recommendations for Pengrowth Energy Corporation (NYSE:PGH)

Receive News & Ratings for Pengrowth Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply