Today Pengrowth Energy Corp Stock Crashes

 Today Pengrowth Energy Corp Stock Crashes

The stock of Pengrowth Energy Corp (TSE:PGF) is a huge mover today! About 186,558 shares traded hands. Pengrowth Energy Corp (TSE:PGF) has risen 66.92% since March 10, 2016 and is uptrending. It has outperformed by 61.31% the S&P500.
The move comes after 5 months negative chart setup for the $1.17 billion company. It was reported on Oct, 17 by Barchart.com. We have $2.02 PT which if reached, will make TSE:PGF worth $81.90M less.

Pengrowth Energy Corp (TSE:PGF) Ratings Coverage

Out of 7 analysts covering Pengrowth Energy (TSE:PGF), 0 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 0 are positive. $4 is the highest target while $1 is the lowest. The $1.91 average target is -11.98% below today’s ($2.17) stock price. Pengrowth Energy has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Canaccord Genuity upgraded the shares of PGF in a report on Tuesday, August 11 to “Buy” rating. On Thursday, October 29 the stock rating was downgraded by Barclays Capital to “Equal Weight”. The firm has “Underperform” rating by IBC given on Wednesday, June 15. The stock of Pengrowth Energy Corp (TSE:PGF) has “Hold” rating given on Friday, August 7 by TD Securities. The stock of Pengrowth Energy Corp (TSE:PGF) earned “Outperform” rating by Scotia Capital on Wednesday, September 2. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, November 30. The company was downgraded on Friday, July 22 by Barclays Capital. Scotia Capital maintained it with “Sector Outperform” rating and $3 target price in Wednesday, October 7 report. The stock of Pengrowth Energy Corp (TSE:PGF) earned “Sector Perform” rating by Scotia Capital on Friday, October 7. Desjardins Securities maintained the shares of PGF in a report on Tuesday, June 28 with “” rating.

More notable recent Pengrowth Energy Corp (TSE:PGF) news were published by: Fool.com which released: “How Pengrowth Energy Corp Added $1 Billion in Value Virtually Overnight” on October 10, 2016, also Fool.com with their article: “Better Buy: Encana Corp or Pengrowth Energy Corp” published on October 04, 2016, Fool.com published: “Is Pengrowth Energy Corp.’s Survival Plan Working?” on August 18, 2016. More interesting news about Pengrowth Energy Corp (TSE:PGF) were released by: Fool.com and their article: “Has Pengrowth Energy Corp Done Enough to Survive?” published on May 31, 2016 as well as Fool.com‘s news article titled: “How Safe Is Pengrowth Energy Corporation Stock?” with publication date: April 01, 2016.

Pengrowth Energy Corporation is a resource company, which is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The company has a market cap of $1.17 billion. The Firm owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land. It currently has negative earnings. The Firm is focused on the Western Canadian Sedimentary Basin.

PGF Company Profile

PowerShares Financial Preferred Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of an index called the Wachovia Hybrid & Preferred Securities Financial Index (the Index). The Index is a market capitalization-weighted index designed to track the performance of preferred securities issued in the United States market by financial institutions. The Index includes preferred securities of financial institutions that have received an industrial sector classification of financial from the Bloomberg Professional Service. Securities in the will be selected by Wachovia Capital Markets, LLC (together with Wachovia Corporation, the Index Provider) pursuant to a selection methodology. The Fund will normally invest at least 80% of its total assets in preferred securities of financial institutions. The Fund will normally invest at least 90% of its total assets in preferred securities that comprise the Index. The Fund’s investment advisor is PowerShares Capital Management LLC.

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