Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday.

Other analysts have also recently issued reports about the stock. TD Securities cut shares of Pengrowth Energy Corporation from a “hold” rating to a “reduce” rating in a research note on Monday. Zacks Investment Research upgraded shares of Pengrowth Energy Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Raymond James Financial, Inc. downgraded shares of Pengrowth Energy Corporation from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 5th. Canaccord Genuity lowered shares of Pengrowth Energy Corporation from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Natixis lowered shares of Pengrowth Energy Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Pengrowth Energy Corporation currently has a consensus rating of “Hold” and an average price target of $2.06.

Shares of Pengrowth Energy Corporation (NYSE:PGH) opened at 1.04 on Monday. The firm’s market cap is $574.33 million. Pengrowth Energy Corporation has a 52-week low of $0.54 and a 52-week high of $1.77. The stock has a 50 day moving average of $0.73 and a 200 day moving average of $0.84.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/10/04/pengrowth-energy-corporation-pgh-rating-lowered-to-strong-sell-at-valuengine.html.

A number of institutional investors and hedge funds have recently made changes to their positions in PGH. TD Asset Management Inc. boosted its holdings in Pengrowth Energy Corporation by 0.7% during the first quarter. TD Asset Management Inc. now owns 160,118 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 1,153 shares during the period. Royal Bank of Canada grew its position in shares of Pengrowth Energy Corporation by 0.7% in the second quarter. Royal Bank of Canada now owns 1,217,285 shares of the oil and gas company’s stock valued at $961,000 after purchasing an additional 8,605 shares during the last quarter. Creative Planning grew its position in shares of Pengrowth Energy Corporation by 6.9% in the second quarter. Creative Planning now owns 135,218 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 8,766 shares during the last quarter. Bank of America Corp DE grew its position in shares of Pengrowth Energy Corporation by 8.9% in the first quarter. Bank of America Corp DE now owns 162,905 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 13,320 shares during the last quarter. Finally, Credit Suisse AG increased its stake in shares of Pengrowth Energy Corporation by 5.5% in the first quarter. Credit Suisse AG now owns 514,609 shares of the oil and gas company’s stock worth $515,000 after purchasing an additional 27,039 shares during the period. Hedge funds and other institutional investors own 16.72% of the company’s stock.

About Pengrowth Energy Corporation

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.

Analyst Recommendations for Pengrowth Energy Corporation (NYSE:PGH)

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