Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) has received a consensus recommendation of “Sell” from the nine brokerages that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating and three have given a hold rating to the company.
PGH has been the subject of several recent research reports. AltaCorp Capital raised Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, December 13th. Canaccord Genuity cut Pengrowth Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Zacks Investment Research raised Pengrowth Energy from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Thursday, January 4th. Finally, Royal Bank of Canada cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research note on Friday, November 10th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Investment Strategies LLC bought a new stake in shares of Pengrowth Energy in the 3rd quarter valued at approximately $385,000. Schroder Investment Management Group lifted its holdings in Pengrowth Energy by 61.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,716,000 shares of the oil and gas company’s stock worth $2,231,000 after purchasing an additional 653,900 shares during the last quarter. Grace & White Inc. NY lifted its holdings in Pengrowth Energy by 10.5% in the 3rd quarter. Grace & White Inc. NY now owns 3,511,892 shares of the oil and gas company’s stock worth $3,617,000 after purchasing an additional 335,066 shares during the last quarter. Shell Asset Management Co. lifted its holdings in Pengrowth Energy by 154.6% in the 3rd quarter. Shell Asset Management Co. now owns 148,424 shares of the oil and gas company’s stock worth $871,000 after purchasing an additional 90,124 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Pengrowth Energy in the 2nd quarter worth approximately $1,906,000. 14.43% of the stock is owned by institutional investors and hedge funds.
Pengrowth Energy (NYSE:PGH) remained flat at $$0.77 during trading hours on Friday. 306,663 shares of the stock were exchanged, compared to its average volume of 511,041. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. Pengrowth Energy has a fifty-two week low of $0.54 and a fifty-two week high of $1.37.
Pengrowth Energy (NYSE:PGH) (TSE:PGF) last announced its quarterly earnings results on Thursday, November 9th. The oil and gas company reported ($0.22) EPS for the quarter. The firm had revenue of $73.00 million during the quarter. Pengrowth Energy had a negative net margin of 101.66% and a negative return on equity of 38.22%. equities research analysts forecast that Pengrowth Energy will post -0.79 earnings per share for the current year.
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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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