Pengrowth Energy Corporation (PGH) : Analyst Rating Update

Pengrowth Energy Corporation (PGH) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pengrowth Energy Corporation (PGH). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Pengrowth Energy Corporation (PGH) : The consensus price target for Pengrowth Energy Corporation (PGH) is $1.34 for the short term with a standard deviation of $0.36. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $2, however, the pessimist price target for the company is $1.

Pengrowth Energy Corporation (NYSE:PGH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.76 and $1.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.80, notching a gain of 1.12% for the day. The total traded volume was 773,575 . The stock had closed at $1.78 on the previous day.

The company shares have dropped -21.93% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $2.39 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.84 and the 200 Day Moving Average price is recorded at $1.20.

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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