Pengrowth Energy Corp. (NYSE:PGH)‘s stock had its “hold” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Saturday. They currently have a $2.40 target price on the stock, up from their previous target price of $2.15. Canaccord Genuity’s target price indicates a potential upside of 44.58% from the stock’s previous close.

Several other research analysts also recently weighed in on PGH. CIBC restated an “underperform” rating and set a $1.85 target price on shares of Pengrowth Energy Corp. in a research note on Wednesday, June 15th. Zacks Investment Research upgraded Pengrowth Energy Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Barclays PLC downgraded Pengrowth Energy Corp. from an “equal weight” rating to an “underweight” rating and set a $2.00 target price on the stock. in a research note on Friday, July 22nd. TD Securities restated a “reduce” rating and set a $1.05 target price on shares of Pengrowth Energy Corp. in a research note on Wednesday, August 10th. Finally, Scotiabank restated a “sector perform” rating and set a $2.25 target price on shares of Pengrowth Energy Corp. in a research note on Wednesday, August 10th. Five research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Pengrowth Energy Corp. presently has a consensus rating of “Hold” and an average target price of $1.79.

Analyst Recommendations for Pengrowth Energy Corp. (NYSE:PGH)

Shares of Pengrowth Energy Corp. (NYSE:PGH) opened at 1.66 on Friday. The company’s 50-day moving average price is $1.54 and its 200 day moving average price is $1.57. Pengrowth Energy Corp. has a 52 week low of $0.45 and a 52 week high of $2.08. The company’s market cap is $908.76 million.

Several hedge funds have recently modified their holdings of the company. Moors & Cabot Inc. increased its stake in shares of Pengrowth Energy Corp. by 1.8% in the second quarter. Moors & Cabot Inc. now owns 56,934 shares of the company’s stock worth $111,000 after buying an additional 1,000 shares during the last quarter. KCG Holdings Inc. increased its stake in shares of Pengrowth Energy Corp. by 37.2% in the second quarter. KCG Holdings Inc. now owns 124,356 shares of the company’s stock worth $228,000 after buying an additional 33,696 shares during the last quarter. Albert D Mason Inc. increased its stake in shares of Pengrowth Energy Corp. by 2.7% in the second quarter. Albert D Mason Inc. now owns 135,519 shares of the company’s stock worth $249,000 after buying an additional 3,625 shares during the last quarter. Polaris Greystone Financial Group LLC bought a new stake in shares of Pengrowth Energy Corp. during the second quarter worth approximately $256,000. Finally, Stifel Financial Corp increased its stake in shares of Pengrowth Energy Corp. by 424.2% in the second quarter. Stifel Financial Corp now owns 146,765 shares of the company’s stock worth $270,000 after buying an additional 118,765 shares during the last quarter. Hedge funds and other institutional investors own 17.49% of the company’s stock.

Pengrowth Energy Corp. Company Profile

5 Day Chart for NYSE:PGH

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