Shares of Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) fell 8.9% on Wednesday . The stock traded as low as $0.72 and last traded at $0.72. 995,653 shares were traded during trading, an increase of 15% from the average session volume of 866,200 shares. The stock had previously closed at $0.79.
Several research firms have weighed in on PGH. ValuEngine cut Pengrowth Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. TD Securities cut Pengrowth Energy from a “hold” rating to a “reduce” rating in a research report on Monday, October 2nd. Canaccord Genuity cut Pengrowth Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. AltaCorp Capital raised Pengrowth Energy from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research raised Pengrowth Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Six research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average price target of $2.00.
The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.
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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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