Pengrowth Energy Corporation (PGH) Receives Analyst Rating

Pengrowth Energy Corporation (PGH) : The consensus on Pengrowth Energy Corporation (PGH) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Pengrowth Energy Corporation (PGH) : The consensus price target for Pengrowth Energy Corporation (PGH) is $1.34 for the short term with a standard deviation of $0.36. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $2, however, the pessimist price target for the company is $1.


Also, BMO Capital initiates coverage on Pengrowth Energy Corporation (NYSE:PGH) The brokerage firm has issued a Market Perform rating on the shares. The rating by the firm was issued on September 9, 2016.

Pengrowth Energy Corporation (NYSE:PGH): The stock opened in the green at $1.47 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $1.4964 and a low of $1.44 for the day. The stock did not find buyers even at the lows and closed at $1.44 recording a loss of -2.04%. 858,364 shares exchanged hands during the trading day. The stock had closed at $1.47 in the previous days trading.

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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