Goldman Sachs Group Inc. reduced its stake in shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) by 23.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 316,788 shares of the oil and gas company’s stock after selling 95,441 shares during the period. Goldman Sachs Group Inc. owned about 0.06% of Pengrowth Energy Corporation worth $250,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PGH. Guardian Capital Advisors LP increased its holdings in Pengrowth Energy Corporation by 127.2% during the 2nd quarter. Guardian Capital Advisors LP now owns 105,995 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 59,340 shares in the last quarter. Creative Planning increased its holdings in Pengrowth Energy Corporation by 6.9% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. bought a new stake in Pengrowth Energy Corporation during the 1st quarter worth approximately $117,000. Bank of America Corp DE increased its holdings in Pengrowth Energy Corporation by 8.9% during the 1st 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 in the last quarter. Finally, Paragon Capital Management Ltd increased its holdings in Pengrowth Energy Corporation by 55.6% during the 2nd quarter. Paragon Capital Management Ltd now owns 210,000 shares of the oil and gas company’s stock worth $166,000 after purchasing an additional 75,000 shares in the last quarter. 16.13% of the stock is owned by hedge funds and other institutional investors.

PGH has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Pengrowth Energy Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Royal Bank Of Canada downgraded Pengrowth Energy Corporation from a “sector perform” rating to an “underperform” rating in a research note on Friday, November 10th. AltaCorp Capital downgraded Pengrowth Energy Corporation from a “sector perform” rating to an “underperform” rating in a research note on Friday, October 6th. ValuEngine upgraded Pengrowth Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. Finally, Canaccord Genuity downgraded Pengrowth Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Eight analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company has a consensus rating of “Sell” and an average price target of $1.99.

Pengrowth Energy Corporation (NYSE PGH) opened at $0.89 on Monday. Pengrowth Energy Corporation has a 12 month low of $0.54 and a 12 month high of $1.76. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

COPYRIGHT VIOLATION NOTICE: “Goldman Sachs Group Inc. Sells 95,441 Shares of Pengrowth Energy Corporation (PGH)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/11/20/goldman-sachs-group-inc-sells-95441-shares-of-pengrowth-energy-corporation-pgh.html.

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.

Institutional Ownership by Quarter 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.