Canaccord Genuity lowered shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) from a hold rating to a sell rating in a research report released on Wednesday, October 4th.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Pengrowth Energy Corporation from a sell rating to a hold rating in a research note on Friday, August 25th. 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. Natixis cut shares of Pengrowth Energy Corporation from a buy rating to a neutral rating in a report on Thursday, June 22nd. ValuEngine raised shares of Pengrowth Energy Corporation from a strong sell rating to a sell rating in a report on Friday, September 22nd. Finally, TD Securities cut shares of Pengrowth Energy Corporation from a hold rating to a reduce rating in a report on Monday, October 2nd. Seven analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of Sell and an average price target of $1.99.

Shares of Pengrowth Energy Corporation (NYSE:PGH) remained flat at $1.04 during trading on Wednesday. The company had a trading volume of 570,525 shares. Pengrowth Energy Corporation has a 12 month low of $0.54 and a 12 month high of $1.77. The firm’s 50-day moving average price is $0.84 and its 200-day moving average price is $0.84. The stock’s market capitalization is $574.33 million.

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A number of large investors have recently bought and sold shares of PGH. US Bancorp DE boosted its holdings in Pengrowth Energy Corporation by 9.7% in the 1st quarter. US Bancorp DE now owns 320,397 shares of the oil and gas company’s stock valued at $321,000 after purchasing an additional 28,240 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Pengrowth Energy Corporation by 25.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 288,057 shares of the oil and gas company’s stock valued at $287,000 after purchasing an additional 57,600 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Pengrowth Energy Corporation by 0.7% in the 1st quarter. TD Asset Management Inc. now owns 160,118 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 1,153 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Pengrowth Energy Corporation in the 1st quarter valued at about $117,000. Finally, Wellington Management Group LLP boosted its holdings in Pengrowth Energy Corporation by 33.8% in the 1st quarter. Wellington Management Group LLP now owns 429,992 shares of the oil and gas company’s stock valued at $429,000 after purchasing an additional 108,505 shares during the last quarter. Institutional investors own 16.72% of the company’s stock.

About Pengrowth Energy Corporation

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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