Pengrowth Energy Corp. (NYSE:PGH) (TSE:PGF) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the stock. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $1.73.

Several research firms recently weighed in on PGH. Barclays PLC restated an “underweight” rating on shares of Pengrowth Energy Corp. in a report on Sunday, October 9th. Scotiabank restated a “sector perform” rating and issued a $2.25 price objective on shares of Pengrowth Energy Corp. in a report on Saturday, October 8th. Canaccord Genuity restated a “hold” rating and issued a $2.40 price objective (up from $2.15) on shares of Pengrowth Energy Corp. in a report on Saturday, October 8th. BMO Capital Markets began coverage on Pengrowth Energy Corp. in a report on Thursday, September 8th. They issued a “market perform” rating for the company. Finally, TD Securities restated a “reduce” rating and issued a $1.05 price objective on shares of Pengrowth Energy Corp. in a report on Wednesday, August 10th.

Pengrowth Energy Corp. (NYSE:PGH) traded down 1.2427% during trading on Friday, reaching $1.3431. 340,064 shares of the company’s stock traded hands. Pengrowth Energy Corp. has a one year low of $0.45 and a one year high of $2.08. The firm’s market cap is $735.62 million. The company has a 50 day moving average of $1.56 and a 200 day moving average of $1.63.

Large investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in shares of Pengrowth Energy Corp. during the third quarter worth approximately $1,264,000. D. E. Shaw & Co. Inc. raised its stake in shares of Pengrowth Energy Corp. by 0.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 202,200 shares of the company’s stock worth $319,000 after buying an additional 1,200 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Pengrowth Energy Corp. during the third quarter worth approximately $2,177,000. AMP Capital Investors Ltd purchased a new stake in shares of Pengrowth Energy Corp. during the third quarter worth approximately $108,000. Finally, KCG Holdings Inc. raised its stake in shares of Pengrowth Energy Corp. by 166.6% in the third quarter. KCG Holdings Inc. now owns 331,516 shares of the company’s stock worth $526,000 after buying an additional 207,160 shares in the last quarter. Hedge funds and other institutional investors own 17.38% of the company’s stock.

Pengrowth Energy Corp. Company Profile

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