Pengrowth Energy Corp (USA) (PGH) is Downgraded by Barclays to Underweight, Price Target at $2

Pengrowth Energy Corp (USA) (PGH) was Downgraded by Barclays to ” Underweight” and the brokerage firm has set the Price Target at $2. Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Jul 22, 2016.

Pengrowth Energy Corp (USA) closed down -0.01 points or -0.63% at $1.58 with 10,53,658 shares getting traded on Wednesday. Post opening the session at $1.57, the shares hit an intraday low of $1.52 and an intraday high of $1.61 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Company’s 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.

Pengrowth Energy Corp (USA)

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