Pengrowth Energy Corporation (NYSE:PGH) Traded Above Its 50 Day Moving Average


Company shares last traded at $1.00 which is just over $0.92, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $0.84. The 50 day moving average was up $0.08 or +9.14% and the 200 day average went up $0.16 or +19.69%. (NYSE:PGH) shares saw light trading volume with 30K shares changing hands on Tuesday. Trading volume was down 98.11% under the stocks average daily volume.

Traders are feeling more bullish on the company lately if you pay attention to the fall in short interest. The firm experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -28.12%. Short interest fell from 19,073,036 to 13,709,405 over that timeframe. With short interest at 13,709,405 and short average daily volume at 2,171,738, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.02% on September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (PGH). Scotia Capital Inc. divested its holdings by shedding 166,244 shares a decrease of 26.9% in the quarter. Scotia Capital Inc. owns 452,039 shares with a value of $356,000. The value of the position overall is down by 42.4%. As of the end of the quarter Toronto Dominion Bank had sold 35,758 shares trimming its position 99.9%. The value of the investment in PGH decreased from $36,000 to $0 a change of 100.0% quarter over quarter.

Wfg Advisors, Lp grew its investment by buying 11,257 shares an increase of 134.6%. Wfg Advisors, Lp claims 19,620 shares valued at $15,000. The total value of its holdings increased 87.5%. As of quarter end Vanguard Group Inc had acquired a total of 38,356 shares growing its holdings by 137.0%. The value in dollars went from $28,000 to $52,000 a change of $24,000 for the reporting period.

In the latest earnings report the EPS was $-0.72 and is projected to be $-0.61 for the current year with 552,245,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.06 and the next full year EPS is anticipated to be $-0.17.

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids. The company primarily holds a 100% interests in the Lindbergh oil sands property covering an area of 20,800 net acres situated in Calgary, Alberta; and a 90% interests in the Groundbirch property covering an area of 12,536 net acres located in Fort St. John, British Columbia. Its principal assets also comprise Greater Olds/Garrington area located in Calgary, Alberta; and the Swan Hills area situated in Edmonton, Alberta. As of December 31, 2015, the company had total proved plus probable reserves of 569.1 millions of barrels of oil equivalent. Pengrowth Energy Corporation was founded in 1988 and is headquartered in Calgary, Canada..