Pengrowth Energy (NYSE:PGH) (TSE:PGF) was upgraded by Canaccord Genuity from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada lowered shares of Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Pengrowth Energy from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research report on Thursday, January 4th. Finally, AltaCorp Capital upgraded shares of 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 assigned a hold rating to the company’s stock. Pengrowth Energy presently has an average rating of “Sell” and a consensus target price of $1.50.
Shares of Pengrowth Energy (PGH) opened at $0.71 on Tuesday. The stock has a market cap of $375.53, a P/E ratio of -0.90 and a beta of 2.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. Pengrowth Energy has a 1-year low of $0.54 and a 1-year high of $1.37.
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.
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