Top 10 Penny Stocks To Buy in 2017

Page 8 of 11

4. Pengrowth Energy Corp (USA) (NYSE:PGH)

In Pengrowth Energy Corp (USA) (NYSE:PGH), there were 10 funds in our database holding shares heading into the second quarter, compared to eight funds a quarter earlier. Pengrowth is a Canada-based oil and natural gas exploration and production company, whose shares have tanked by 55% over the last 12 months. In May, it reported better-than-expected EPS and revenue and showed some significant debt reduction through asset sales. As Pengrowth Energy Corp (USA) (NYSE:PGH) improves its balance sheet, investors expect the company to deliver on its 2017 guidance and further focus on the development of some of its more profitable projects like Lindbergh and Montney. Chuck Royce’s Royce & Associates reported holding 4.53 million shares of Pengrowth Energy Corp (USA) (NYSE:PGH) in its latest 13F filing.

Suwin/Shutterstock.com

Suwin/Shutterstock.com

Follow Pengrowth Energy Corp (NYSE:PGH)

Page 8 of 11