Pengrowth Energy (PGH) Upgraded by AltaCorp Capital to “Sector Perform”
Several other brokerages also recently weighed in on PGH. Royal Bank of Canada downgraded Pengrowth Energy from a sector perform rating to an underperform rating in a report on Friday, November 10th. Canaccord Genuity downgraded Pengrowth Energy from a hold rating to a sell rating in a report on Wednesday, October 4th. TD Securities downgraded Pengrowth Energy from a hold rating to a reduce rating in a report on Monday, October 2nd. Zacks Investment Research upgraded Pengrowth Energy from a sell rating to a hold rating in a report on Wednesday, October 18th. Finally, ValuEngine downgraded Pengrowth Energy from a sell rating to a strong sell rating in a report on Monday, October 2nd. Seven research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Pengrowth Energy currently has an average rating of Sell and an average target price of $2.19.
Shares of Pengrowth Energy (NYSE:PGH) remained flat at $$0.77 on Wednesday. 310,900 shares of the company’s stock were exchanged, compared to its average volume of 866,928. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. Pengrowth Energy has a twelve month low of $0.54 and a twelve month high of $1.66.
Large investors have recently bought and sold shares of the business. Letko Brosseau & Associates Inc. lifted its position in shares of 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 purchasing an additional 678,485 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 617,564 shares during the last quarter. Grace & White Inc. NY lifted its position 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 worth $3,617,000 after purchasing an additional 335,066 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Pengrowth Energy during the second quarter worth about $1,906,000. Finally, Schroder Investment Management Group lifted its holdings in Pengrowth Energy by 61.6% in the third quarter. Schroder Investment Management Group now owns 1,716,000 shares of the oil and gas company’s stock worth $2,231,000 after acquiring an additional 653,900 shares during the last quarter. 14.47% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/12/14/pengrowth-energy-pgh-upgraded-by-altacorp-capital-to-sector-perform.html.
About Pengrowth Energy
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.
Receive News & Ratings for Pengrowth Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy and related companies with MarketBeat.com's FREE daily email newsletter.