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Last C$3.33 CAD
Change Today +0.10 / 3.10%
Volume 1.6M
As of 4:27 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

pengrowth energy corp (PGF) Snapshot

Open
C$3.22
Previous Close
C$3.23
Day High
C$3.33
Day Low
C$3.22
52 Week High
06/18/14 - C$7.78
52 Week Low
12/8/14 - C$2.76
Market Cap
1.8B
Average Volume 10 Days
1.5M
EPS TTM
C$-0.59
Shares Outstanding
539.7M
EX-Date
05/20/15
P/E TM
--
Dividend
C$0.24
Dividend Yield
12.01%
Current Stock Chart for PENGROWTH ENERGY CORP (PGF)

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pengrowth energy corp (PGF) Details

Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids. The company’s assets include Cardium light oil, Lindbergh thermal, and Swan Hills light oil projects. As of December 31, 2014, it had total proved plus probable reserves of 557.4 millions of barrels of oil equivalent. Pengrowth Energy Corporation was founded in 1988 and is headquartered in Calgary, Canada.

569 Employees
Last Reported Date: 02/26/15
Founded in 1988

pengrowth energy corp (PGF) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$516.7K
Chief Financial Officer
Total Annual Compensation: C$357.5K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: C$317.8K
Senior Vice President of Operations & Enginee...
Total Annual Compensation: C$308.3K
Executive Vice President of Business Developm...
Total Annual Compensation: C$348.0K
Compensation as of Fiscal Year 2014.

pengrowth energy corp (PGF) Key Developments

Pengrowth Energy Corporation Announces Cash Dividend, Payable on June 15, 2015; Announces Executive Appointments

Pengrowth Energy Corporation announced that its June 15, 2015 cash dividend will be CAD 0.02 per common share. The ex-dividend date is May 20, 2015. The dividend will be payable to all shareholders who hold the company shares at the close of business on the record date of May 22, 2015. The dividend will be payable on June 15, 2015 The company announced the appointment of Steve De Maio as Senior Vice President, Thermal Operations and Randy Steele as Senior Vice President, Conventional Operations. In their expanded roles, Mr. De Maio will be responsible for all aspects of thermal operations and Mr. Steele will be responsible for all aspects of the company's non-thermal and conventional operations.

Pengrowth Eyes Acquisitions

Pengrowth Energy Corporation (TSX:PGF) is looking for acquisition opportunities. Pengrowth announced it has filed a preliminary short form base shelf prospectus with the securities regulators in each of the Provinces of Canada and a corresponding registration statement with the United States Securities and Exchange Commission. Pengrowth intends to use the net proceeds of any sales of securities for general corporate purposes, repayment of indebtedness and/or the direct or indirect financing of future growth opportunities, including acquisitions and capital expenditures.

Pengrowth Energy Corporation Announces Consolidated Earnings and Production Results for First Quarter Ended March 31, 2015; Revises Production and Capital Expenditures Guidance for the Year 2015

Pengrowth Energy Corporation announced consolidated earnings and production results for first quarter ended March 31, 2015. For the quarter, the company reported funds flow from operations of $113.0 million, funds flow from operations per share of $0.21, capital expenditures of $98.4 million, capital expenditures per share of $0.18, adjusted net income of $64.8 million, net loss of $160.5 million or $0.30 per share compared to the funds flow from operations of $139.50 million, funds flow from operations per share of $0.27, capital expenditures of $233.70 million, capital expenditures per share of $0.45, adjusted net loss of $2.80 million, net loss of $116.20 million or $0.22 per share for the same quarter a year ago. The company reported average daily production of 69,334 boe/d against 75,102 boe/d for the same quarter a year ago. Achieved first quarter average production of 69,334 boe per day. This excludes Lindbergh commercial production as commerciality had not been declared until April 1, 2015. The average daily production of 69,334 boe per day, decreased 3% compared to fourth quarter 2014 average daily production of 71,802 boe per day. The decrease is mainly due to reduced capital activity in the first quarter of 2015 and shut-in of uneconomic production volumes, partly offset by the continued strength in production performance from the two Groundbirch wells completed in the fourth quarter of 2014. These two wells continue to produce at over 5.5 MMcf per day each. The company revised production and capital expenditures guidance for the year 2015. For the year, the company expects average daily production volume (boe per day) to the range of 70,000 to 72,000 compared to 73,000 to 75,000 previous guidance. Total capital expenditures of range from $220 million to $240 million compared to $190 million to $210 million previous guidance. For the remainder of 2015, the company has 78% of expected oil production hedged at approximately CAD 93.87 per barrel and approximately 59% of 2016 expected oil production hedged at CAD 89.95 per barrel. Natural gas hedges account for 57% of expected 2015 gas production at CAD 3.72 per Mcf and 48% of 2016 expected production hedged at CAD 3.44 per Mcf. The company also have worked to add significant natural gas hedges for 2017 and 2018 at prices in excess of AECO CAD 3.50 per Mcf.

 

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Valuation PGF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
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