TD Securities downgraded shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) from a hold rating to a reduce rating in a research note released on Monday, The Fly reports.

Several other equities analysts have also weighed in on PGH. Zacks Investment Research lowered shares of Pengrowth Energy Corporation from a hold rating to a sell rating in a report on Friday, August 18th. ValuEngine lowered shares of Pengrowth Energy Corporation from a sell rating to a strong sell rating in a report on Wednesday, August 16th. Natixis lowered shares of Pengrowth Energy Corporation from a buy rating to a neutral rating in a report on Thursday, June 22nd. Raymond James Financial, Inc. lowered shares of Pengrowth Energy Corporation from a market perform rating to an underperform rating in a report on Wednesday, July 5th. Finally, Canaccord Genuity lowered shares of Pengrowth Energy Corporation from a speculative buy rating to a hold rating in a report on Tuesday, July 11th. Six analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Pengrowth Energy Corporation has an average rating of Sell and an average target price of $2.06.

Pengrowth Energy Corporation (NYSE PGH) opened at 1.01 on Monday. The company’s market cap is $557.77 million. The firm has a 50 day moving average price of $0.75 and a 200 day moving average price of $0.84. Pengrowth Energy Corporation has a 12-month low of $0.54 and a 12-month high of $1.77.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. TD Asset Management Inc. raised its holdings in Pengrowth Energy Corporation by 0.7% in the first quarter. TD Asset Management Inc. now owns 160,118 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 1,153 shares during the period. Royal Bank of Canada raised its holdings in 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 worth $961,000 after purchasing an additional 8,605 shares during the period. Creative Planning raised its holdings in 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 worth $107,000 after purchasing an additional 8,766 shares during the period. Bank of America Corp DE raised its holdings in 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 worth $163,000 after purchasing an additional 13,320 shares during the period. Finally, Credit Suisse AG raised its holdings in 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. Institutional investors own 16.72% of the company’s stock.

Pengrowth Energy Corporation 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.

The Fly

Analyst Recommendations for Pengrowth Energy Corporation (NYSE:PGH)

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