TD Securities reissued their reduce rating on shares of Pengrowth Energy Corp. (NYSE:PGH) (TSE:PGF) in a report released on Sunday morning. The firm currently has a $1.20 price target on the stock, up from their prior price target of $1.10.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity restated a hold rating on shares of Pengrowth Energy Corp. in a report on Sunday, August 7th. BMO Capital Markets initiated coverage on Pengrowth Energy Corp. in a report on Thursday, September 8th. They issued a market perform rating for the company. 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. RBC Capital Markets restated an underperform rating and issued a $1.50 price objective (up previously from $1.25) on shares of Pengrowth Energy Corp. in a report on Wednesday, September 28th. Finally, Royal Bank Of Canada raised their price objective on Pengrowth Energy Corp. from $1.25 to $1.50 and gave the company an underperform rating in a report on Wednesday, September 28th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Pengrowth Energy Corp. has an average rating of Hold and an average target price of $1.74.

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

Shares of Pengrowth Energy Corp. (NYSE:PGH) opened at 1.34 on Friday. The company’s market capitalization is $733.93 million. Pengrowth Energy Corp. has a 1-year low of $0.45 and a 1-year high of $2.08. The stock has a 50 day moving average price of $1.57 and a 200 day moving average price of $1.63.

A number of large investors 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 valued at $111,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN increased its stake in shares of Pengrowth Energy Corp. by 21.8% in the third quarter. Wells Fargo & Company MN now owns 63,171 shares of the company’s stock valued at $100,000 after buying an additional 11,318 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Pengrowth Energy Corp. by 92.7% in the third quarter. Tower Research Capital LLC TRC now owns 64,815 shares of the company’s stock valued at $103,000 after buying an additional 31,182 shares during the period. AMP Capital Investors Ltd bought a new stake in shares of Pengrowth Energy Corp. during the third quarter valued at about $108,000. Finally, 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 valued at $228,000 after buying an additional 33,696 shares during the period. Hedge funds and other institutional investors own 17.38% of the company’s stock.

Pengrowth Energy Corp. Company Profile

5 Day Chart for NYSE:PGH

Receive News & Stock Ratings for Pengrowth Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy Corp. and related stocks with our FREE daily email newsletter.