Ashland Global Holdings Inc. (ASH) Forms $73.41 Double Top; Pengrowth Energy (PGH) Had 0 Bulls

Ashland Global Holdings Inc. (ASH) formed double top with $80.02 target or 9.00% above today’s $73.41 share price. Ashland Global Holdings Inc. (ASH) has $4.57B valuation. The stock decreased 0.60% or $0.44 during the last trading session, reaching $73.41. About 38,004 shares traded. Ashland Global Holdings Inc. (NYSE:ASH) has risen 18.65% since January 23, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Among 5 analysts covering Pengrowth Energy Corp (NYSE:PGH), 0 have Buy rating, 3 Sell and 2 Hold. Therefore 0 are positive. Pengrowth Energy Corp had 12 analyst reports since September 3, 2015 according to SRatingsIntel. On Friday, November 10 the stock rating was downgraded by RBC Capital Markets to “Underperform”. As per Friday, January 22, the company rating was downgraded by Howard Weil. The rating was downgraded by RBC Capital Markets on Thursday, April 21 to “Underperform”. On Thursday, September 3 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, September 28 with “Underperform”. The rating was downgraded by Barclays Capital to “Equal Weight” on Thursday, October 29. The firm earned “Market Perform” rating on Friday, September 9 by BMO Capital Markets. RBC Capital Markets upgraded Pengrowth Energy Corporation (NYSE:PGH) rating on Tuesday, March 21. RBC Capital Markets has “Sector Perform” rating and $1.30 target. The stock has “Hold” rating by Canaccord Genuity on Tuesday, July 11. The company was downgraded on Friday, July 22 by Barclays Capital. See Pengrowth Energy Corporation (NYSE:PGH) latest ratings:

10/11/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Underperform Downgrade
04/10/2017 Broker: Canaccord Genuity Rating: Sell Downgrade

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. The company has market cap of $428.62 million. The firm explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids. It currently has negative earnings. The Company’s principal producing properties are the Lindbergh thermal property covering an area of 20,800 net acres situated in Calgary, Alberta; the Greater Olds/Garrington area located in Calgary, Alberta; the Swan Hills area situated in Edmonton, Alberta; and the Groundbirch property covering an area of 12,536 net acres located in Fort St.

The stock 0.57% or $0 during the last trading session, reaching $0.79. It is down 47.75% since January 23, 2017 and is downtrending. It has underperformed by 64.45% the S&P500.

Among 8 analysts covering Ashland (NYSE:ASH), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ashland had 27 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Ashland Global Holdings Inc. (NYSE:ASH) earned “Buy” rating by Jefferies on Tuesday, September 26. The company was maintained on Friday, April 28 by Credit Suisse. The company was downgraded on Friday, October 9 by Goldman Sachs. The rating was maintained by Jefferies with “Buy” on Monday, April 3. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 31 report. Deutsche Bank maintained Ashland Global Holdings Inc. (NYSE:ASH) rating on Wednesday, September 23. Deutsche Bank has “Buy” rating and $140 target. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, September 6. The rating was maintained by Deutsche Bank on Thursday, August 3 with “Buy”. On Wednesday, November 8 the stock rating was maintained by Credit Suisse with “Neutral”. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, October 15.

Analysts await Ashland Global Holdings Inc. (NYSE:ASH) to report earnings on January, 25. They expect $0.47 earnings per share, down 59.48% or $0.69 from last year’s $1.16 per share. ASH’s profit will be $29.25M for 39.05 P/E if the $0.47 EPS becomes a reality. After $0.78 actual earnings per share reported by Ashland Global Holdings Inc. for the previous quarter, Wall Street now forecasts -39.74% negative EPS growth.

Investors sentiment decreased to 0 in Q3 2017. Its down 0.33, from 0.33 in 2017Q2. It fall, as 2 investors sold Ashland Global Holdings Inc. shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 43,549 shares or 66.81% less from 131,204 shares in 2017Q2 were reported. Gemmer Asset Mngmt Limited Co accumulated 133 shares or 0% of the stock. Bruce Company stated it has 25,000 shares or 0.37% of all its holdings. 15,110 were accumulated by Novare Management Limited Com. Fruth Invest accumulated 3,200 shares or 0.1% of the stock. Alphamark Advsr Limited Liability Corp reported 106 shares.