Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) has received a consensus recommendation of “Hold” from the ten research firms that are covering the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $2.09.

Several equities research analysts have recently commented on the stock. AltaCorp Capital reissued a “sector perform” rating on shares of Pengrowth Energy Corp in a research report on Wednesday, May 3rd. TD Securities raised shares of Pengrowth Energy Corp from a “reduce” rating to a “hold” rating in a research report on Wednesday, April 26th. Scotiabank downgraded shares of Pengrowth Energy Corp from a “sector perform” rating to an “underperform” rating in a research report on Monday, March 27th. Canaccord Genuity raised shares of Pengrowth Energy Corp from a “hold” rating to a “buy” rating in a research report on Friday, March 24th. Finally, Royal Bank of Canada downgraded shares of Pengrowth Energy Corp to a “hold” rating and set a $2.00 price objective for the company. in a research report on Wednesday, March 22nd.

Pengrowth Energy Corp (NYSE:PGH) opened at 0.8896 on Friday. Pengrowth Energy Corp has a one year low of $0.76 and a one year high of $2.05. The company’s market cap is $491.29 million. The stock has a 50 day moving average price of $0.98 and a 200 day moving average price of $1.25.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Pengrowth Energy Corp by 21.8% in the third quarter. Wells Fargo & Company MN now owns 63,171 shares of the oil and gas company’s stock worth $100,000 after buying an additional 11,318 shares in the last quarter. Two Sigma Investments LP bought a new position in Pengrowth Energy Corp during the fourth quarter worth $111,000. JPMorgan Chase & Co. bought a new position in Pengrowth Energy Corp during the first quarter worth $117,000. Paragon Capital Management Ltd bought a new position in Pengrowth Energy Corp during the first quarter worth $135,000. Finally, Albert D Mason Inc. increased its position in Pengrowth Energy Corp by 128.2% in the first quarter. Albert D Mason Inc. now owns 152,784 shares of the oil and gas company’s stock worth $153,000 after buying an additional 85,825 shares in the last quarter. 17.28% of the stock is owned by hedge funds and other institutional investors.

Pengrowth Energy Corp Company Profile

Pengrowth Energy Corporation is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta.

5 Day Chart for NYSE:PGH

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