Last C$6.17 CAD
Change Today -0.09 / -1.44%
Volume 1.9M
PGF On Other Exchanges
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As of 4:03 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

pengrowth energy corp (PGF) Snapshot

Open
C$6.23
Previous Close
C$6.26
Day High
C$6.25
Day Low
C$6.13
52 Week High
06/18/14 - C$7.78
52 Week Low
09/23/13 - C$5.89
Market Cap
3.3B
Average Volume 10 Days
1.4M
EPS TTM
C$-0.06
Shares Outstanding
528.8M
EX-Date
09/18/14
P/E TM
--
Dividend
C$0.48
Dividend Yield
7.78%
Current Stock Chart for PENGROWTH ENERGY CORP (PGF)

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pengrowth energy corp (PGF) Details

Pengrowth Energy Corporation, together with its subsidiaries, acquires, explores for, develops, and produces oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan, and Nova Scotia in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids. As of December 31, 2013, the company had total proved plus probable reserves of 477.4 millions of barrels of oil equivalent; and had an interest in 4,423 net producing oil and natural gas wells and 2,074 net non-producing wells. Pengrowth Energy Corporation was founded in 1988 and is headquartered in Calgary, Canada.

539 Employees
Last Reported Date: 03/3/14
Founded in 1988

pengrowth energy corp (PGF) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$495.8K
Chief Financial Officer
Total Annual Compensation: C$342.5K
Chief Operating Officer
Total Annual Compensation: C$382.5K
Senior Vice President of Operations & Enginee...
Total Annual Compensation: C$308.3K
Executive Vice President of Business Developm...
Total Annual Compensation: C$335.8K
Compensation as of Fiscal Year 2013.

pengrowth energy corp (PGF) Key Developments

Pengrowth Energy Corporation Confirms Cash Dividend Payable October 15, 2014

Pengrowth Energy Corporation announced that its October 15, 2014 cash dividend will be CAD 0.04 per common share. The ex-dividend date is September 18, 2014. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of September 22, 2014.

Pengrowth Energy Corporation Confirms Cash Dividend Payable September 15, 2014

Pengrowth Energy Corporation announced that its September 15, 2014 cash dividend will be CAD 0.04 per common share. The ex-dividend date is August 20, 2014. The dividend will be payable to all shareholders who hold company shares at the close of business on the record date of August 22, 2014.

Pengrowth Energy Corporation Announces Unaudited Earnings and Production Results for Second Quarter and Six Months Ended June 30, 2014; Provides Capex and Production Guidance for the Full Year 2014

Pengrowth Energy Corporation announced unaudited earnings and production results for second quarter and six months ended June 30, 2014. For the quarter, the company reported funds flow from operations of CAD 121.4 million, funds flow from operations per share of CAD 0.23, capital expenditures of CAD 219.6 million, capital expenditures per share of CAD 0.42, adjusted net loss of CAD 24.8 million, net loss of CAD 8.8 million or CAD 0.02 per share compared to the funds flow from operations of CAD 146 million, funds flow from operations per share of CAD 0.28, capital expenditures of CAD 113.9 million, capital expenditures per share of CAD 0.22, adjusted net loss of CAD 37.1 million, net loss of CAD 53.4 million or CAD 0.10 per share a year ago. Funds flow from operations was decreased by 13% mainly due to lower natural gas prices and an increase in operating costs associated with planned maintenance turnaround activities during the quarter. Second quarter of 2014 funds flow from operations decreased 17% compared to the same period last year, due to a decrease in volumes, mainly from property dispositions and higher realized commodity risk management losses. Adjusted net loss change is primarily due to a decrease in funds flow from operations. For the six months, the company reported funds flow from operations of CAD 260.9 million, funds flow from operations per share of CAD 0.50, capital expenditures of CAD 453.3 million, capital expenditures per share of CAD 0.86, adjusted net loss of CAD 27.6 million, net loss of CAD 125 million or CAD 0.24 per share compared to the funds flow from operations of CAD 293.5 million, funds flow from operations per share of CAD 0.57, capital expenditures of CAD 279.9 million, capital expenditures per share of CAD 0.54, adjusted net loss of CAD 38.3 million, net loss of CAD 118.5 million or CAD 0.23 per share a year ago. For the quarter, the company reported average daily production of 73,823 boe/d compared to 87,909 boe/d a year ago, primarily driven by strong oil production from wells targeting the Cardium formation in the Greater Olds/Garrington area. Oil and gas sales were CAD 407.1 million compared to CAD 416.6 million a year ago. Oil and gas sales per boe were CAD 60.60 compared to CAD 52.08 a year ago. Operating netback per boe was CAD 23.86 compared to CAD 24.44 a year ago. Average daily production for the second quarter of 2014 decreased 16% compared to the same period last year due to property dispositions and natural gas production declines, partly offset by production additions from the Cardium development program. For the six months, the company reported average daily production of 74,459 boe/d compared to 88,801 boe/d a year ago. Oil and gas sales were CAD 836.3 million compared to CAD 810.1 million a year ago. Oil and gas sales per boe were CAD 62.05 compared to CAD 50.40 a year ago. Operating netback per boe was CAD 26.79 compared to CAD 24.61 a year ago. Full-year 2014 capital expenditures are expected to remain on track with previous guidance of between CAD 740 and CAD 770 million. The company continues to maintain full-year 2014 production guidance of 71,000 to 73,000 boe/d. This range incorporates additional minor light oil asset dispositions, which are expected to close in the second half of 2014, offset by continued strength in Pengrowth's Cardium development program. The company is revising its full-year 2014 cash G&A expense guidance from CAD 2.70 to CAD 2.90 per boe to a range of CAD 3.15 to CAD 3.25 per boe. The revised guidance reflects higher professional and personnel costs than forecast. The company has 77% of its remaining expected 2014 oil production hedged at CAD 94.51 per barrel and 63% of 2015 expected oil production hedged at CAD 93.99 per barrel. Natural gas hedges account for 59% of remaining expected 2014 gas production at CAD 3.81 per Mcf and 47% of 2015 expected production hedged at CAD 3.85 per Mcf. The company has hedged 78% of remaining expected 2014 power consumption at CAD 55.63 per MWh and 79% of expected 2015 power consumption at CAD 49.53 per MWh.

 

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PGF

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Valuation PGF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 0.9x
Price/Cash Flow 15.7x
TEV/Sales 1.1x
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