Pengrowth Energy Corporation (PGH) Shares are Down -10.12%

Pengrowth Energy Corporation (PGH) has risen sharply, recording gains of 0.67% in the past 4 weeks. However, the stock has corrected -10.12% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 2.23% and the fifty day Moving Average is 8.36%. Pengrowth Energy Corporation has dropped 13.22% during the last three month period . Year-to-Date the stock performance stands at 106.85%.

Pengrowth Energy Corporation (PGH) : Currently there are 4 street experts covering Pengrowth Energy Corporation (PGH) stock. The most bullish and bearish price target for the stock is $2 and $1 respectively for the short term. The average price target of all the analysts comes to $1.34. The estimated standard deviation from the target is $0.36.


Pengrowth Energy Corporation (NYSE:PGH): On Fridays trading session , Opening price of the stock was $1.54 with an intraday high of $1.589. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.5. However, the stock managed to close at $1.51, a loss of 2.58% for the day. On the previous day, the stock had closed at $1.55. The total traded volume of the day was 635,590 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.