The Pengrowth Energy Corp. (PGH) Given “Hold” Rating at Canaccord Genuity

The Pengrowth Energy Corp. (PGH) Given “Hold” Rating at Canaccord Genuity

Canaccord Genuity reaffirmed their hold rating on shares of Pengrowth Energy Corp. (NYSE:PGH) in a research note published on Saturday. Canaccord Genuity currently has a $2.40 target price on the stock, up from their prior target price of $2.15.

A number of other equities research analysts also recently weighed in on PGH. CIBC reaffirmed an underperform rating and set a $1.85 price target on shares of Pengrowth Energy Corp. in a research note on Wednesday, June 15th. Zacks Investment Research raised Pengrowth Energy Corp. from a sell rating to a hold rating in a research note on Wednesday, July 6th. Barclays PLC downgraded Pengrowth Energy Corp. from an equal weight rating to an underweight rating and set a $2.00 price target for the company. in a research note on Friday, July 22nd. TD Securities reaffirmed a reduce rating and set a $1.05 price target on shares of Pengrowth Energy Corp. in a research note on Wednesday, August 10th. Finally, Scotiabank reaffirmed a sector perform rating and set a $2.25 price target on shares of Pengrowth Energy Corp. in a research note on Wednesday, August 10th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Pengrowth Energy Corp. has a consensus rating of Hold and a consensus target price of $1.79.

Pengrowth Energy Corp. (NYSE:PGH) opened at 1.66 on Friday. Pengrowth Energy Corp. has a 52 week low of $0.45 and a 52 week high of $2.08. The company’s 50-day moving average price is $1.54 and its 200 day moving average price is $1.57. The company’s market capitalization is $908.76 million.

A number of hedge funds and other institutional investors have recently modified their holdings of PGH. Stifel Financial Corp increased its position in shares of Pengrowth Energy Corp. by 424.2% in the second quarter. Stifel Financial Corp now owns 146,765 shares of the company’s stock valued at $270,000 after buying an additional 118,765 shares in the last quarter. Legal & General Group Plc increased its position in shares of Pengrowth Energy Corp. by 16.5% in the second quarter. Legal & General Group Plc now owns 1,640,401 shares of the company’s stock valued at $2,982,000 after buying an additional 231,777 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Pengrowth Energy Corp. by 64.7% in the second quarter. Parametric Portfolio Associates LLC now owns 604,890 shares of the company’s stock valued at $1,113,000 after buying an additional 237,530 shares in the last quarter. KCG Holdings Inc. increased its position in shares of Pengrowth Energy Corp. by 37.2% in the second quarter. KCG Holdings Inc. now owns 124,356 shares of the company’s stock valued at $228,000 after buying an additional 33,696 shares in the last quarter. Finally, Spark Investment Management LLC increased its position in shares of Pengrowth Energy Corp. by 82.3% in the second quarter. Spark Investment Management LLC now owns 1,533,000 shares of the company’s stock valued at $2,799,000 after buying an additional 692,000 shares in the last quarter. 17.49% of the stock is currently owned by institutional investors.

Pengrowth Energy Corp. Company Profile

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