Brokerage Firm Rating Update on Pengrowth Energy Corporation (PGH)

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 most positive equity analysts on Pengrowth Energy Corporation (PGH) expects the shares to touch $2, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $1.34 with an expected fluctuation of $0.36 from the mean.


The shares have received a consensus rating of Sell for the current week Also, In the latest statement by the brokerage house, Barclays downgrades its outlook on Pengrowth Energy Corporation (NYSE:PGH). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The rating by the firm was issued on July 22, 2016.

Pengrowth Energy Corporation (NYSE:PGH): The stock opened at $1.57 and touched an intraday high of $1.64 on Wednesday. During the day, the stock corrected to an intraday low of $1.57, however, the bulls stepped in and pushed the price higher to close in the green at $1.63 with a gain of 3.16% for the day. The total traded volume for the day was 1,180,007. The stock had closed at $1.58 in the previous trading session.

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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