Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $2.09.

Several research firms have recently commented on PGH. Royal Bank of Canada downgraded shares of Pengrowth Energy Corp to a “hold” rating and set a $2.00 target price on the stock. in a report on Wednesday, March 22nd. Scotiabank downgraded shares of Pengrowth Energy Corp from a “sector perform” rating to an “underperform” rating in a report on Monday, March 27th. AltaCorp Capital reissued a “sector perform” rating on shares of Pengrowth Energy Corp in a report on Wednesday, May 3rd. TD Securities raised shares of Pengrowth Energy Corp from a “reduce” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, Canaccord Genuity raised shares of Pengrowth Energy Corp from a “hold” rating to a “buy” rating in a report on Friday, March 24th.

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A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in Pengrowth Energy Corp by 21.8% in the third quarter. Wells Fargo & Company MN now owns 63,171 shares of the oil and gas company’s stock worth $100,000 after buying an additional 11,318 shares during the last quarter. Leisure Capital Management increased its stake in Pengrowth Energy Corp by 156.7% in the third quarter. Leisure Capital Management now owns 190,973 shares of the oil and gas company’s stock worth $304,000 after buying an additional 116,565 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Pengrowth Energy Corp by 4.6% in the third quarter. UBS Asset Management Americas Inc. now owns 369,957 shares of the oil and gas company’s stock worth $582,000 after buying an additional 16,200 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Pengrowth Energy Corp during the third quarter worth about $1,264,000. Finally, Royce & Associates LP increased its stake in Pengrowth Energy Corp by 5.6% in the fourth quarter. Royce & Associates LP now owns 4,539,400 shares of the oil and gas company’s stock worth $6,446,000 after buying an additional 240,000 shares during the last quarter. 17.28% of the stock is currently owned by institutional investors.

Shares of Pengrowth Energy Corp (NYSE:PGH) opened at 0.8896 on Friday. Pengrowth Energy Corp has a 52-week low of $0.76 and a 52-week high of $2.05. The stock’s market cap is $491.29 million. The stock’s 50 day moving average is $0.98 and its 200 day moving average is $1.25.

About Pengrowth Energy Corp

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.

5 Day Chart for NYSE:PGH

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