Pengrowth Energy Corporation (PGH) Shares are Up 9.66%

Pengrowth Energy Corporation (PGH) : Traders are bullish on Pengrowth Energy Corporation (PGH) as it has outperformed the S&P 500 by a wide margin of 8.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.66% in the last 1 week, and is up 7.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 5.05% and the 50-Day Moving Average is 4.59%.The 200 Day SMA reached 22.1%


Pengrowth Energy Corporation (NYSE:PGH): After opening at $1.58, the stock dipped to an intraday low of $1.555 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.62 and the buying power remained strong till the end. The stock closed at $1.59 for the day, a gain of 1.92% for the day session. The total traded volume was 1,577,070. The stocks close on the previous trading day was $1.59.

Pengrowth Energy Corporation (PGH) : 5 Wall Street analysts covering Pengrowth Energy Corporation (PGH) believe that the average level the stock could reach for the short term is $1.37. The maximum price target given is $2 and the minimum target for short term is around $1, hence the standard deviation is calculated at $0.32.

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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