Somewhat Favorable News Coverage Somewhat Unlikely to Affect Pengrowth Energy (PGH) Stock Price
Media headlines about Pengrowth Energy (NYSE:PGH) (TSE:PGF) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pengrowth Energy earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 47.1367740489907 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have recently commented on PGH. Zacks Investment Research raised shares of Pengrowth Energy from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a research report on Wednesday, January 24th. 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. AltaCorp Capital lowered shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research report on Friday, October 6th. Finally, Canaccord Genuity lowered shares of Pengrowth Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Six investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $1.50.
Pengrowth Energy (PGH) traded up $0.01 during midday trading on Thursday, reaching $0.78. 188,434 shares of the company’s stock traded hands, compared to its average volume of 489,830. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Pengrowth Energy has a 1 year low of $0.54 and a 1 year high of $1.37. The company has a market capitalization of $426.28, a price-to-earnings ratio of -0.99 and a beta of 2.36.
About Pengrowth Energy
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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