Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) has received a consensus rating of “Sell” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.
Several analysts have recently commented on PGH shares. Zacks Investment Research upgraded shares of Pengrowth Energy from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Wednesday, January 24th. AltaCorp Capital raised shares of Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a report on Wednesday, December 13th. Finally, Canaccord Genuity raised shares of Pengrowth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th.
Pengrowth Energy (NYSE:PGH) traded down $0.01 during mid-day trading on Friday, hitting $0.61. 131,811 shares of the stock traded hands, compared to its average volume of 433,264. The firm has a market capitalization of $357.14, a price-to-earnings ratio of -0.65 and a beta of 2.30. Pengrowth Energy has a twelve month low of $0.54 and a twelve month high of $1.23. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.76.
Pengrowth Energy (NYSE:PGH) (TSE:PGF) last released its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported ($0.32) EPS for the quarter. The business had revenue of $102.75 million during the quarter. Pengrowth Energy had a negative net margin of 130.16% and a negative return on equity of 68.32%. sell-side analysts expect that Pengrowth Energy will post -0.07 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PGH. Goldman Sachs Group Inc. grew its stake in shares of Pengrowth Energy by 150.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 219,591 shares of the oil and gas company’s stock valued at $174,000 after buying an additional 131,903 shares in the last quarter. Diversified Investment Strategies LLC purchased a new position in shares of Pengrowth Energy during the 3rd quarter valued at about $385,000. Deutsche Bank AG raised its holdings in shares of Pengrowth Energy by 26.8% during the 4th quarter. Deutsche Bank AG now owns 378,707 shares of the oil and gas company’s stock valued at $301,000 after buying an additional 80,065 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Pengrowth Energy by 61.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,716,000 shares of the oil and gas company’s stock valued at $2,231,000 after buying an additional 653,900 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Pengrowth Energy by 4,161.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,322,500 shares of the oil and gas company’s stock valued at $1,845,000 after buying an additional 2,268,000 shares in the last quarter. 14.25% of the stock is owned by institutional investors and hedge funds.
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About Pengrowth Energy
Pengrowth Energy Corporation is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta.
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