Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) dropped 0.3% on Tuesday . The stock traded as low as $0.82 and last traded at $0.82. Approximately 136,705 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 879,653 shares. The stock had previously closed at $0.83.

PGH has been the topic of several research reports. Zacks Investment Research upgraded shares of Pengrowth Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. ValuEngine lowered shares of Pengrowth Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Canaccord Genuity lowered shares of Pengrowth Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. TD Securities lowered shares of Pengrowth Energy from a “hold” rating to a “reduce” rating in a research note on Monday, October 2nd. Finally, AltaCorp Capital lowered shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research note on Friday, October 6th. Eight equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus target price of $2.19.

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Letko Brosseau & Associates Inc. boosted its stake in Pengrowth Energy by 1.6% during 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. boosted its stake in Pengrowth Energy by 6.3% during 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 boosted its stake in shares of Pengrowth Energy by 10.5% during the third quarter. Grace & White Inc. NY now owns 3,511,892 shares of the oil and gas company’s stock valued at $3,617,000 after purchasing an additional 335,066 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Pengrowth Energy during the second quarter valued at $1,906,000. Finally, Schroder Investment Management Group boosted its stake in shares of Pengrowth Energy by 61.6% during the third quarter. Schroder Investment Management Group now owns 1,716,000 shares of the oil and gas company’s stock valued at $2,231,000 after purchasing an additional 653,900 shares during the period. 14.47% of the stock is owned by institutional investors.

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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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