Royal Bank of Canada Buys 8,605 Shares of Pengrowth Energy Corporation (PGH)

Royal Bank of Canada lifted its stake in shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,217,285 shares of the oil and gas company’s stock after acquiring an additional 8,605 shares during the quarter. Royal Bank of Canada owned 0.22% of Pengrowth Energy Corporation worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Letko Brosseau & Associates Inc. increased its position in shares of Pengrowth Energy Corporation by 1.6% during the second quarter. Letko Brosseau & Associates Inc. now owns 42,924,106 shares of the oil and gas company’s stock worth $33,713,000 after acquiring an additional 678,485 shares during the period. Vanguard Group Inc. grew its stake in shares of Pengrowth Energy Corporation by 6.3% during the first quarter. Vanguard Group Inc. now owns 10,481,695 shares of the oil and gas company’s stock worth $10,481,000 after purchasing an additional 617,564 shares in the last quarter. Grace & White Inc. NY grew its stake in shares of Pengrowth Energy Corporation by 5.1% during the second quarter. Grace & White Inc. NY now owns 3,176,826 shares of the oil and gas company’s stock worth $2,511,000 after purchasing an additional 155,458 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Pengrowth Energy Corporation by 30.2% during the second quarter. Acadian Asset Management LLC now owns 730,500 shares of the oil and gas company’s stock worth $574,000 after purchasing an additional 169,400 shares in the last quarter. Finally, Credit Suisse AG grew its stake in shares of Pengrowth Energy Corporation by 5.5% during the first quarter. Credit Suisse AG now owns 514,609 shares of the oil and gas company’s stock worth $515,000 after purchasing an additional 27,039 shares in the last quarter. 16.61% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on PGH. ValuEngine downgraded shares of Pengrowth Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. TD Securities downgraded shares of Pengrowth Energy Corporation from a “hold” rating to a “reduce” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Pengrowth Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Canaccord Genuity downgraded shares of Pengrowth Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, AltaCorp Capital downgraded shares of Pengrowth Energy Corporation from a “sector perform” rating to an “underperform” rating in a research note on Friday, October 6th. Seven investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus target price of $1.99.

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Pengrowth Energy Corporation (PGH) opened at $1.13 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.89. Pengrowth Energy Corporation has a 12 month low of $0.54 and a 12 month high of $1.76.

Pengrowth Energy Corporation Profile

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.

Institutional Ownership by Quarter for Pengrowth Energy Corporation (NYSE:PGH)

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