Royal Bank Of Canada cut shares of Pengrowth Energy (NYSE:PGH) (TSE:PGF) from a sector perform rating to an underperform rating in a research report sent to investors on Friday, November 10th, MarketBeat.com reports.
Several other brokerages also recently issued reports on PGH. Zacks Investment Research upgraded shares of Pengrowth Energy from a sell rating to a hold rating in a research report on Friday, August 25th. AltaCorp Capital downgraded shares of Pengrowth Energy from a sector perform rating to an underperform rating in a research report on Friday, October 6th. ValuEngine upgraded shares of Pengrowth Energy from a strong sell rating to a sell rating in a research report on Friday, September 22nd. Canaccord Genuity downgraded shares of Pengrowth Energy from a hold rating to a sell rating in a research report on Wednesday, October 4th. Finally, TD Securities downgraded shares of Pengrowth Energy from a hold rating to a reduce rating in a research report on Monday, October 2nd. Eight investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of Sell and an average price target of $2.19.
Pengrowth Energy (NYSE:PGH) traded down $0.01 on Friday, hitting $0.81. 674,700 shares of the stock traded hands, compared to its average volume of 881,100. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. Pengrowth Energy has a fifty-two week low of $0.54 and a fifty-two week high of $1.76.
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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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