Pengrowth Energy Corp. (NYSE:PGH) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $1.76.

A number of equities research analysts have issued reports on the company. Scotiabank restated a “sector perform” rating and set a $2.25 price target on shares of Pengrowth Energy Corp. in a research note on Saturday, October 8th. CIBC reaffirmed an “underperform” rating and set a $1.85 price objective on shares of Pengrowth Energy Corp. in a research report on Wednesday, June 15th. TD Securities reaffirmed a “reduce” rating and set a $1.05 price objective on shares of Pengrowth Energy Corp. in a research report on Wednesday, August 10th. Zacks Investment Research raised Pengrowth Energy Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $2.40 price objective (up from $2.15) on shares of Pengrowth Energy Corp. in a research report on Saturday, October 8th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP boosted its position in Pengrowth Energy Corp. by 4.1% in the first quarter. Royce & Associates LP now owns 3,790,900 shares of the company’s stock worth $4,966,000 after buying an additional 149,000 shares in the last quarter. Spark Investment Management LLC boosted its position in Pengrowth Energy Corp. by 52.1% in the first quarter. Spark Investment Management LLC now owns 841,000 shares of the company’s stock worth $1,099,000 after buying an additional 288,000 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Pengrowth Energy Corp. by 429.6% in the first quarter. Canada Pension Plan Investment Board now owns 4,580,175 shares of the company’s stock worth $6,020,000 after buying an additional 3,715,367 shares in the last quarter. Geode Capital Management LLC boosted its position in Pengrowth Energy Corp. by 124.9% in the first quarter. Geode Capital Management LLC now owns 188,573 shares of the company’s stock worth $247,000 after buying an additional 104,717 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Pengrowth Energy Corp. during the first quarter worth approximately $336,000. 17.49% of the stock is currently owned by institutional investors.

Pengrowth Energy Corp. (NYSE:PGH) traded up 0.59% on Thursday, hitting $1.71. 344,601 shares of the company were exchanged. Pengrowth Energy Corp. has a 52 week low of $0.45 and a 52 week high of $2.08. The company’s market capitalization is $936.13 million. The stock has a 50 day moving average of $1.55 and a 200 day moving average of $1.59.

About Pengrowth Energy Corp.

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