Canaccord Genuity Upgrades Pengrowth Energy (PGH) to “Hold”
Pengrowth Energy (NYSE:PGH) (TSE:PGF) was upgraded by stock analysts at Canaccord Genuity from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Marketbeat Ratings reports.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Pengrowth Energy from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research report on Wednesday, January 10th. AltaCorp Capital upgraded Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a report on Wednesday, December 13th. Finally, Royal Bank of Canada cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a report on Friday, November 10th. Five analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Pengrowth Energy presently has a consensus rating of “Sell” and an average price target of $1.50.
Shares of Pengrowth Energy (PGH) opened at $0.75 on Tuesday. Pengrowth Energy has a 12-month low of $0.54 and a 12-month high of $1.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07.
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Pengrowth Energy 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.
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