Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF)’s share price traded up 7.3% during mid-day trading on Wednesday . The stock traded as high as $0.89 and last traded at $0.88. 866,920 shares were traded during mid-day trading, an increase of 36% from the average session volume of 639,560 shares. The stock had previously closed at $0.82.

Several equities analysts have issued reports on the stock. AltaCorp Capital raised shares of Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, December 13th. Royal Bank of Canada lowered shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Pengrowth Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Canaccord Genuity lowered shares of Pengrowth Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, ValuEngine lowered shares of Pengrowth Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. Six analysts have rated the stock with a sell rating and three have given a hold rating to the company. Pengrowth Energy currently has a consensus rating of “Sell” and a consensus target price of $2.00.

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $494.08, a P/E ratio of -1.08 and a beta of 2.37.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Diversified Investment Strategies LLC acquired a new stake in Pengrowth Energy during the 3rd quarter worth approximately $385,000. Schroder Investment Management Group grew its position in Pengrowth Energy by 61.6% in the third quarter. Schroder Investment Management Group now owns 1,716,000 shares of the oil and gas company’s stock valued at $2,231,000 after acquiring an additional 653,900 shares in the last quarter. Grace & White Inc. NY grew its position in Pengrowth Energy by 10.5% in the third quarter. Grace & White Inc. NY now owns 3,511,892 shares of the oil and gas company’s stock valued at $3,617,000 after acquiring an additional 335,066 shares in the last quarter. Shell Asset Management Co. grew its position in Pengrowth Energy by 154.6% in the third quarter. Shell Asset Management Co. now owns 148,424 shares of the oil and gas company’s stock valued at $871,000 after acquiring an additional 90,124 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Pengrowth Energy in the second quarter valued at approximately $1,906,000. 14.46% of the stock is owned by hedge funds and other institutional investors.

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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.

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