Zacks Investment Research Upgrades Pengrowth Energy Corporation (PGH) to “Hold”

Zacks Investment Research upgraded shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) from a sell rating to a hold rating in a research note issued to investors on Wednesday, October 18th.

According to Zacks, “Pengrowth Energy Trust is a Canadian energy trust with crude oil and natural gas properties in the Western Canadian Sedimentary Basin and offshore the East Coast of Canada. “

Several other research analysts also recently weighed in on the company. ValuEngine downgraded Pengrowth Energy Corporation from a sell rating to a strong sell rating in a research note on Wednesday, August 16th. Canaccord Genuity downgraded Pengrowth Energy Corporation from a hold rating to a sell rating in a research report on Wednesday, October 4th. TD Securities downgraded Pengrowth Energy Corporation from a hold rating to a reduce rating in a research report on Monday, October 2nd. AltaCorp Capital cut Pengrowth Energy Corporation from a sector perform rating to an underperform rating in a research note on Friday, October 6th. Finally, Raymond James Financial, Inc. cut Pengrowth Energy Corporation from a market perform rating to an underperform rating in a research report on Wednesday, July 5th. Seven research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Pengrowth Energy Corporation has a consensus rating of Sell and an average price target of $1.99.

Shares of Pengrowth Energy Corporation (NYSE PGH) traded up $0.05 during trading hours on Wednesday, reaching $1.18. The company’s stock had a trading volume of 870,055 shares, compared to its average volume of 575,538. Pengrowth Energy Corporation has a fifty-two week low of $0.54 and a fifty-two week high of $1.76. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.89.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Upgrades Pengrowth Energy Corporation (PGH) to “Hold”” was published by BBNS and is the property of of BBNS. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/pengrowth-energy-corporation-pgh-stock-rating-upgraded-by-zacks-investment-research/1723435.html.

Large investors have recently bought and sold shares of the business. Guardian Capital Advisors LP raised its holdings in shares of Pengrowth Energy Corporation by 127.2% in the 2nd quarter. Guardian Capital Advisors LP now owns 105,995 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 59,340 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Pengrowth Energy Corporation in the 1st quarter valued at about $117,000. Creative Planning boosted its position in shares of Pengrowth Energy Corporation by 6.9% in the 2nd quarter. Creative Planning now owns 135,218 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 8,766 shares during the period. Shell Asset Management Co. boosted its position in shares of Pengrowth Energy Corporation by 154.6% in the 3rd quarter. Shell Asset Management Co. now owns 148,424 shares of the oil and gas company’s stock valued at $871,000 after purchasing an additional 90,124 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Pengrowth Energy Corporation by 8.9% in the 1st quarter. Bank of America Corp DE now owns 162,905 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 13,320 shares during the period. Institutional investors own 16.65% 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.

Get a free copy of the Zacks research report on Pengrowth Energy Corporation (PGH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Pengrowth Energy Corporation (NYSE:PGH)

Receive News & Ratings for Pengrowth Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.