Pengrowth Energy (NYSE:PGH) (TSE:PGF) was upgraded by Canaccord Genuity from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
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 research report on Friday, November 10th. Zacks Investment Research raised Pengrowth Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, AltaCorp Capital raised Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, December 13th. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Sell” and a consensus price target of $1.50.
Shares of Pengrowth Energy (NYSE PGH) opened at $0.75 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Pengrowth Energy has a 12-month low of $0.54 and a 12-month high of $1.36.
Large investors have recently bought and sold shares of the company. Shell Asset Management Co. grew its position in shares of Pengrowth Energy by 154.6% during 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 acquiring an additional 90,124 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Pengrowth Energy by 150.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 219,591 shares of the oil and gas company’s stock valued at $174,000 after acquiring an additional 131,903 shares during the period. Diversified Investment Strategies LLC acquired a new stake in shares of Pengrowth Energy during the 3rd quarter valued at about $385,000. Deutsche Bank AG grew its position in shares of Pengrowth Energy by 26.8% during the 4th quarter. Deutsche Bank AG now owns 378,707 shares of the oil and gas company’s stock valued at $301,000 after acquiring an additional 80,065 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in shares of Pengrowth Energy by 49.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 430,557 shares of the oil and gas company’s stock valued at $338,000 after acquiring an additional 142,500 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.
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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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