Analyst Rating Update on Pengrowth Energy Corporation (PGH)

Pengrowth Energy Corporation (NYSE:PGH) : 3 analysts are covering Pengrowth Energy Corporation (NYSE:PGH) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Pengrowth Energy Corporation (NYSE:PGH) : The highest level Pengrowth Energy Corporation (NYSE:PGH) is projected to reach is $2 for the short term and the lowest estimate is at $1. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $1.4 and the possibility the share price can swing is $0.42.

Company shares have received an average consensus rating of Hold for the current week

Pengrowth Energy Corporation (NYSE:PGH): stock turned positive on Tuesday. Though the stock opened at $1.75, the bulls momentum made the stock top out at $1.805 level for the day. The stock recorded a low of $1.75 and closed the trading day at $1.77, in the green by 4.12%. The total traded volume for the day was 835,501. The stock had closed at $1.7 in the previous days trading.

Pengrowth Energy Corporation is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company is focused on further developing the Lindbergh Thermal Project, located in East Central Alberta, near Cold Lake. The Companys principal conventional operations include Greater Olds/Garrington Area, where the Company holds a continuous land base with over 800 gross sections of Cardium-access rights, infrastructure and operatorship; Swan Hills Trend, a conventional oil resource , which provides it with opportunities to put its technical experience of carbonate reservoirs to work on its operated interests in Judy Creek, Carson Creek, Deer Mountain, Virginia Hills and Sawn Lake, where Pengrowth has control of the infrastructure and Bernadet Montney, where it has more than 50 gross sections of Montney land with liquids content.

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