Trading Report: The Pengrowth Energy Corp. (PGH) Position Maintained by Shell Asset Management Co.

The Pengrowth Energy Corp. (PGH) Position Maintained by Shell Asset Management Co.

Shell Asset Management Co. held its position in Pengrowth Energy Corp. (NYSE:PGH) during the second quarter, Holdings Channel reports. The institutional investor owned 56,500 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Pengrowth Energy Corp. were worth $133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royce & Associates LP increased its position in shares of Pengrowth Energy Corp. by 4.1% in the first quarter. Royce & Associates LP now owns 3,790,900 shares of the company’s stock valued at $4,966,000 after buying an additional 149,000 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Pengrowth Energy Corp. by 52.1% in the first quarter. Spark Investment Management LLC now owns 841,000 shares of the company’s stock valued at $1,099,000 after buying an additional 288,000 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Pengrowth Energy Corp. by 429.6% in the first quarter. Canada Pension Plan Investment Board now owns 4,580,175 shares of the company’s stock valued at $6,020,000 after buying an additional 3,715,367 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Pengrowth Energy Corp. by 124.9% in the first quarter. Geode Capital Management LLC now owns 188,573 shares of the company’s stock valued at $247,000 after buying an additional 104,717 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Pengrowth Energy Corp. during the first quarter valued at approximately $336,000. Institutional investors own 17.49% of the company’s stock.

Shares of Pengrowth Energy Corp. (NYSE:PGH) traded up 1.18% during trading on Thursday, hitting $1.72. The company had a trading volume of 601,797 shares. Pengrowth Energy Corp. has a 52 week low of $0.45 and a 52 week high of $2.08. The stock’s market capitalization is $941.61 million. The firm’s 50 day moving average is $1.55 and its 200-day moving average is $1.59.

Several research analysts have commented on PGH shares. BMO Capital Markets started coverage on Pengrowth Energy Corp. in a research note on Thursday, September 8th. They issued a “market perform” rating for the company. RBC Capital Markets restated an “underperform” rating and issued a $1.50 target price (up previously from $1.25) on shares of Pengrowth Energy Corp. in a research note on Wednesday, September 28th. Barclays PLC restated an “underweight” rating on shares of Pengrowth Energy Corp. in a research note on Sunday. Canaccord Genuity downgraded Pengrowth Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Zacks Investment Research upgraded Pengrowth Energy Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Pengrowth Energy Corp. has an average rating of “Hold” and an average price target of $1.79.

About Pengrowth Energy Corp.

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