Canaccord Genuity lowered shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) from a hold rating to a sell rating in a research note published on Wednesday morning.

Several other brokerages have also recently issued reports on PGH. TD Securities cut shares of Pengrowth Energy Corporation from a hold rating to a reduce rating in a report on Monday, October 2nd. ValuEngine cut shares of Pengrowth Energy Corporation from a sell rating to a strong sell rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Pengrowth Energy Corporation from a sell rating to a hold rating in a report on Friday, September 22nd. Raymond James Financial, Inc. cut shares of Pengrowth Energy Corporation from a market perform rating to an underperform rating in a report on Wednesday, July 5th. Finally, Natixis cut shares of Pengrowth Energy Corporation from a buy rating to a neutral rating in a report on Thursday, June 22nd. Seven equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Pengrowth Energy Corporation presently has a consensus rating of Sell and an average target price of $2.06.

Shares of Pengrowth Energy Corporation (NYSE PGH) opened at 1.06 on Wednesday. The stock’s 50 day moving average is $0.78 and its 200 day moving average is $0.84. The firm’s market capitalization is $585.38 million. Pengrowth Energy Corporation has a 1-year low of $0.54 and a 1-year high of $1.77.

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Large investors have recently modified their holdings of the stock. Guardian Capital Advisors LP boosted its stake in Pengrowth Energy Corporation by 127.2% during the 2nd quarter. Guardian Capital Advisors LP now owns 105,995 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 59,340 shares during the period. Creative Planning boosted its stake in Pengrowth Energy Corporation by 6.9% during the 2nd quarter. Creative Planning now owns 135,218 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 8,766 shares during the period. JPMorgan Chase & Co. acquired a new stake in Pengrowth Energy Corporation during the 1st quarter worth $117,000. TD Asset Management Inc. boosted its stake in Pengrowth Energy Corporation by 0.7% during the 1st 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. Finally, Bank of America Corp DE boosted its stake in Pengrowth Energy Corporation by 8.9% during the 1st quarter. Bank of America Corp DE now owns 162,905 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 13,320 shares during the period. Hedge funds and other institutional investors own 16.72% of the company’s stock.

Pengrowth Energy Corporation 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 Corporation (NYSE:PGH)

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