Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

PGH has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Pengrowth Energy Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Raymond James Financial, Inc. lowered shares of Pengrowth Energy Corporation from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 5th. Natixis lowered shares of Pengrowth Energy Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, June 22nd. Finally, Canaccord Genuity downgraded shares of Pengrowth Energy Corporation from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.06.

Pengrowth Energy Corporation (NYSE:PGH) opened at 0.9209 on Friday. The firm’s market capitalization is $508.56 million. Pengrowth Energy Corporation has a 12 month low of $0.54 and a 12 month high of $1.77. The firm has a 50-day moving average of $0.63 and a 200 day moving average of $0.84.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Letko Brosseau & Associates Inc. increased its stake in shares of Pengrowth Energy Corporation by 1.6% in the second quarter. Letko Brosseau & Associates Inc. now owns 42,924,106 shares of the oil and gas company’s stock worth $33,713,000 after buying an additional 678,485 shares during the period. Vanguard Group Inc. increased its stake in shares of Pengrowth Energy Corporation by 6.3% in the first quarter. Vanguard Group Inc. now owns 10,481,695 shares of the oil and gas company’s stock worth $10,481,000 after buying an additional 617,564 shares during the period. Grace & White Inc. NY increased its stake in shares of Pengrowth Energy Corporation by 5.1% in the second quarter. Grace & White Inc. NY now owns 3,176,826 shares of the oil and gas company’s stock worth $2,511,000 after buying an additional 155,458 shares during the period. Cetera Investment Advisers purchased a new position in shares of Pengrowth Energy Corporation in the second quarter worth $1,906,000. Finally, Royal Bank of Canada increased its stake in shares of Pengrowth Energy Corporation by 0.7% in the second quarter. Royal Bank of Canada now owns 1,217,285 shares of the oil and gas company’s stock worth $961,000 after buying an additional 8,605 shares during the period. 16.72% of the stock is currently owned by institutional investors.

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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