Pengrowth Energy Corp. (NYSE:PGH) (TSE:PGF)‘s stock had its “reduce” rating reiterated by equities researchers at TD Securities in a report released on Sunday. They presently have a $1.20 price objective on the stock, up from their prior price objective of $1.10. TD Securities’ price target indicates a potential downside of 10.45% from the stock’s current price.

Several other analysts have also recently weighed in on PGH. Canaccord Genuity reissued a “hold” rating on shares of Pengrowth Energy Corp. in a report on Sunday, August 7th. Scotiabank reaffirmed a “sector perform” rating and issued a $2.25 price objective on shares of Pengrowth Energy Corp. in a report on Wednesday, August 10th. 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. Royal Bank Of Canada lifted 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. Finally, RBC Capital Markets reaffirmed an “underperform” rating and issued a $1.50 price objective (up from $1.25) on shares of Pengrowth Energy Corp. 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 stock. The stock has an average rating of “Hold” and an average price target of $1.74.

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

Pengrowth Energy Corp. (NYSE:PGH) opened at 1.34 on Friday. The firm’s market cap is $733.93 million. Pengrowth Energy Corp. has a 52 week low of $0.45 and a 52 week high of $2.08. The stock’s 50 day moving average price is $1.57 and its 200 day moving average price is $1.63.

Several institutional investors have recently modified their holdings of the stock. Scotia Capital Inc. raised its stake in shares of Pengrowth Energy Corp. by 114.1% in the second quarter. Scotia Capital Inc. now owns 855,073 shares of the company’s stock worth $1,555,000 after buying an additional 455,688 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Pengrowth Energy Corp. by 10.3% in the second quarter. Vanguard Group Inc. now owns 9,147,246 shares of the company’s stock worth $16,831,000 after buying an additional 857,105 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Pengrowth Energy Corp. by 30.9% in the second quarter. UBS Asset Management Americas Inc. now owns 353,757 shares of the company’s stock worth $643,000 after buying an additional 83,542 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Pengrowth Energy Corp. during the second quarter worth $1,991,000. Finally, Brandes Investment Partners LP purchased a new stake in shares of Pengrowth Energy Corp. during the second quarter worth $282,000. Institutional investors own 17.38% of the company’s stock.

About Pengrowth Energy Corp.

5 Day Chart for NYSE:PGH

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