Pengrowth Energy (PGH) Getting Somewhat Positive Media Coverage, Study Shows
Media stories about Pengrowth Energy (NYSE:PGH) (TSE:PGF) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pengrowth Energy earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 47.8526678914586 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have weighed in on the company. ValuEngine upgraded Pengrowth Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded Pengrowth Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 5th. Finally, AltaCorp Capital downgraded Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, May 2nd. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average price target of $1.00.
Shares of NYSE PGH traded down $0.01 during midday trading on Friday, hitting $0.73. 351,390 shares of the company’s stock were exchanged, compared to its average volume of 397,369. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. Pengrowth Energy has a 12 month low of $0.54 and a 12 month high of $1.23. The company has a market capitalization of $405.07 million, a P/E ratio of -0.70 and a beta of 2.10.
Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. The company explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids.
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