Howard Weil lowered shares of Pengrowth Energy Corp (NYSE:PGH) from a sector outperform rating to a sector perform rating in a research report report published on Friday, Market Beat Ratings reports.

Several other research analysts have also weighed in on PGH. RBC Capital reduced their target price on Pengrowth Energy Corp from $1.40 to $1.00 and set a sector perform rating on the stock in a report on Friday, January 22nd. Barclays lowered Pengrowth Energy Corp from an overweight rating to an equal weight rating in a report on Thursday, October 29th. TD Securities reiterated a hold rating and set a $1.45 target price (down from $1.85) on shares of Pengrowth Energy Corp in a report on Thursday, November 5th. Scotiabank lowered Pengrowth Energy Corp from an outperform rating to a sector perform rating in a report on Friday, January 22nd. Finally, National Bank Financial reiterated a sector perform rating and set a $1.75 target price (down from $2.00) on shares of Pengrowth Energy Corp in a report on Friday, December 4th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $1.96.

Shares of Pengrowth Energy Corp (NYSE:PGH) traded up 6.7344% during mid-day trading on Friday, reaching $0.6831. The company had a trading volume of 960,742 shares. The company’s market capitalization is $370.95 million. The firm’s 50-day moving average is $0.69 and its 200 day moving average is $1.05. Pengrowth Energy Corp has a 12 month low of $0.45 and a 12 month high of $3.62.

A hedge fund recently raised its stake in Pengrowth Energy Corp stock. Simplex Trading boosted its stake in shares of Pengrowth Energy Corp (NYSE:PGH) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33 shares of the company’s stock after buying an additional 6 shares during the period.

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 Company’s 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.

12 Month Chart for NYSE:PGH

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