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.

A number of hedge funds have recently bought and sold shares of PGH. Goldman Sachs Group Inc. boosted its holdings in Pengrowth Energy by 150.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 219,591 shares of the oil and gas company’s stock worth $174,000 after buying an additional 131,903 shares during the last quarter. Deutsche Bank AG boosted its holdings in Pengrowth Energy by 26.8% in the 4th quarter. Deutsche Bank AG now owns 378,707 shares of the oil and gas company’s stock worth $301,000 after buying an additional 80,065 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Pengrowth Energy by 49.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 430,557 shares of the oil and gas company’s stock worth $338,000 after buying an additional 142,500 shares during the last quarter. Diversified Investment Strategies LLC acquired a new stake in Pengrowth Energy in the 3rd quarter worth about $385,000. Finally, Shell Asset Management Co. boosted its holdings in Pengrowth Energy by 154.6% in the 3rd quarter. Shell Asset Management Co. now owns 148,424 shares of the oil and gas company’s stock worth $871,000 after buying an additional 90,124 shares during the last quarter. Institutional investors own 14.38% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Canaccord Genuity Upgrades Pengrowth Energy (PGH) to “Hold”” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2018/02/15/canaccord-genuity-upgrades-pengrowth-energy-pgh-to-hold.html.

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.

Analyst Recommendations for Pengrowth Energy (NYSE:PGH)

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