Pengrowth Energy Corporation (PGH) Shares are Down -0.68%

Pengrowth Energy Corporation (PGH) : During the past 4 weeks, traders have been relatively bearish on Pengrowth Energy Corporation (PGH), hence the stock is down -16.38% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.73% relative to the S&P 500. The 4-week change in the price of the stock is -15.52% and the stock has fallen -0.68% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 13.8%. Pengrowth Energy Corporation (NYSE:PGH): On Fridays trading session , Opening price of the stock was $1.49 with an intraday high of $1.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.45. However, the stock managed to close at $1.47, a loss of 1.34% for the day. On the previous day, the stock had closed at $1.49. The total traded volume of the day was 636,272 shares.


Institutional Investors own 17.6% of Pengrowth Energy Corporation shares. Also, In a research note released to the investors, Barclays downgrades its rating on Pengrowth Energy Corporation (NYSE:PGH).The analysts at the brokerage house have a current rating of Underweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on July 22, 2016.

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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