Pengrowth Energy Corp (PGH) Receives a Sell from CIBC

By Jason Carr

According to The Fly, in a report released yesterday, Jamie Kubik from CIBC reiterated a Sell rating on Pengrowth Energy Corp (PGHResearch Report). The company’s shares closed last Friday at $0.73.

According to, Kubik is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.7% and a 26.6% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

The the analyst consensus on Pengrowth Energy Corp is currently a Moderate Sell rating.

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Based on Pengrowth Energy Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.22 million. In comparison, last year the company had a GAAP net loss of $115 million.

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Pengrowth Energy Corp. is a Canadian oil and natural gas exploration company. It engages in the development, acquisition, and exploration of oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. It focuses on the development of Western Canadian Sedimentary Basin.