Shares of Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) have earned an average recommendation of “Sell” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company.

Several analysts recently issued reports on PGH shares. Zacks Investment Research cut Pengrowth Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 5th. AltaCorp Capital cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, May 2nd. Finally, ValuEngine upgraded Pengrowth Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd.

Shares of NYSE:PGH traded down $0.01 during trading on Tuesday, 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 52-week low of $0.54 and a 52-week high of $1.23. The stock has a market capitalization of $405.07 million, a P/E ratio of -0.70 and a beta of 2.10.

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of Pengrowth Energy by 150.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 219,591 shares of the oil and gas company’s stock worth $174,000 after purchasing an additional 131,903 shares in the last quarter. Deutsche Bank AG grew its position in shares of Pengrowth Energy by 26.8% during the fourth quarter. Deutsche Bank AG now owns 378,707 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 80,065 shares in the last quarter. Finally, CIBC World Markets Inc. grew its position in shares of Pengrowth Energy by 1,160.4% during the first quarter. CIBC World Markets Inc. now owns 2,192,599 shares of the oil and gas company’s stock worth $1,401,000 after purchasing an additional 2,018,639 shares in the last quarter. Hedge funds and other institutional investors own 14.35% of the company’s stock.

Pengrowth Energy Company Profile

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.

Recommended Story: Average Daily Trade Volume – ADTV

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.