Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) was downgraded by research analysts at TD Securities from a “hold” rating to a “reduce” rating in a report released on Monday.

Several other research firms have also recently weighed in on PGH. Zacks Investment Research raised shares of Pengrowth Energy Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Canaccord Genuity downgraded shares of Pengrowth Energy Corporation from a “speculative buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. cut Pengrowth Energy Corporation from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 5th. Natixis cut Pengrowth Energy Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, June 22nd. Finally, ValuEngine cut Pengrowth Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Five analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Pengrowth Energy Corporation currently has a consensus rating of “Hold” and an average target price of $2.06.

Pengrowth Energy Corporation (PGH) traded down 6.0777% during midday trading on Monday, hitting $0.9674. 433,651 shares of the company traded hands. Pengrowth Energy Corporation has a 12-month low of $0.54 and a 12-month high of $1.77. The company’s market cap is $534.24 million. The stock has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.84.

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A number of hedge funds and other institutional investors have recently bought and sold shares of PGH. US Bancorp DE grew its position in shares of Pengrowth Energy Corporation by 9.7% during the 1st quarter. US Bancorp DE now owns 320,397 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 28,240 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Pengrowth Energy Corporation by 25.0% during the first quarter. UBS Asset Management Americas Inc. now owns 288,057 shares of the oil and gas company’s stock worth $287,000 after purchasing an additional 57,600 shares during the period. TD Asset Management Inc. increased its holdings in shares of Pengrowth Energy Corporation by 0.7% during the first quarter. TD Asset Management Inc. now owns 160,118 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 1,153 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Pengrowth Energy Corporation during the first quarter worth approximately $117,000. Finally, Wellington Management Group LLP increased its holdings in shares of Pengrowth Energy Corporation by 33.8% during the first quarter. Wellington Management Group LLP now owns 429,992 shares of the oil and gas company’s stock worth $429,000 after purchasing an additional 108,505 shares during the period. 16.72% of the stock is owned by hedge funds and other institutional investors.

About Pengrowth Energy Corporation

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 Corporation (NYSE:PGH)

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