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MEG Energy Corp Company Profile (TSE:MEG)

Consensus Ratings for MEG Energy Corp (TSE:MEG) (?)
Ratings Breakdown: 5 Hold Rating(s), 3 Buy Rating(s)
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: C$10.39

Analysts' Ratings History for MEG Energy Corp (TSE:MEG)
Show:
DateFirmActionRatingPrice TargetActions
6/23/2016FirstEnergy CapitalUpgradeUnderperform -> Market PerformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/13/2016Morgan StanleyBoost Price TargetC$8.00 -> C$9.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/8/2016RBC CapitalReiterated RatingOutperformC$11.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/6/2016Raymond JamesSet Price TargetC$10.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/29/2016AltaCorp CapitalDowngradeOutperform -> Sector PerformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/25/2016CIBCInitiated CoverageSector PerformC$9.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/15/2016BarclaysBoost Price TargetEqual WeightC$5.00 -> C$6.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/4/2016National Bank FinancialDowngradeSector Perform Market Weight -> Underperform Market WeightView Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/5/2016TD SecuritiesDowngradeBuy -> Speculative BuyC$13.00 -> C$11.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/21/2016NomuraLower Price TargetC$15.00 -> C$6.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
12/7/2015ScotiabankLower Price TargetOutperformC$20.00 -> C$19.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/21/2014Seaport Global SecuritiesLower Price TargetBuyC$45.00 -> C$38.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/27/2014 forward)
Earnings History for MEG Energy Corp (TSE:MEG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016        
7/28/2015Q2($0.12)$0.23ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/31/2014$0.48$0.49ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/1/2014$0.28$0.18ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)
Earnings Estimates for MEG Energy Corp (TSE:MEG)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividend History for MEG Energy Corp (TSE:MEG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trading History for MEG Energy Corp (TSE:MEG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
6/7/2016Stephen R DiotteInsiderSell3,100C$6.69C$20,739.00Tweet This Trade  Share This Trade on StockTwits
1/14/2016John Garry MccoshenInsiderBuy2,100C$4.97C$10,437.00Tweet This Trade  Share This Trade on StockTwits
1/13/2016Eric Lloyd ToewsInsiderBuy20,000C$4.99C$99,800.00Tweet This Trade  Share This Trade on StockTwits
12/21/2015Stephen R DiotteInsiderBuy100C$7.78C$778.00Tweet This Trade  Share This Trade on StockTwits
12/17/2015Chi-Tak YeeInsiderBuy1,000C$7.50C$7,500.00Tweet This Trade  Share This Trade on StockTwits
10/7/2015John Martin RogersInsiderBuy20,000C$12.00C$240,000.00Tweet This Trade  Share This Trade on StockTwits
10/6/2015John Martin RogersInsiderBuy15,000C$10.31C$154,650.00Tweet This Trade  Share This Trade on StockTwits
10/5/2015Stephen R DiotteInsiderSell1,017C$10.13C$10,302.21Tweet This Trade  Share This Trade on StockTwits
9/16/2015Eric Lloyd ToewsInsiderBuy5,050C$8.61C$43,455.25Tweet This Trade  Share This Trade on StockTwits
9/9/2015Chi-Tak YeeInsiderBuy1,000C$8.82C$8,815.00Tweet This Trade  Share This Trade on StockTwits
7/7/2015Stephen R DiotteInsiderSell1,000C$19.29C$19,290.00Tweet This Trade  Share This Trade on StockTwits
12/1/2014Arnold Boyd AndersonDirectorBuy5,000C$18.77C$93,850.00Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)
Latest Headlines for MEG Energy Corp (TSE:MEG)
DateHeadline
06/26/16 09:47 AMHow Many MEG Energy Corp (TSE:MEG)'s Analysts Are Bearish? - Engelwood Daily
06/22/16 05:00 PMRecently Issued Stock Ratings For MEG ENERGY CORP (MEGEF) - Fiscal Standard
06/20/16 07:40 AMMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : June 20, 2016 -
06/20/16 05:53 AMMEG ENERGY CORP (MEGEF) Analyst Price Targets For The Coming Week - Fiscal Standard
06/18/16 09:27 AMLarge Inflow of Money Witnessed in CMS Energy Corporation
06/18/16 09:27 AMCenovus looks to offload office space as oil slump drags on
06/17/16 04:59 PMValue Stock Buzz: Resolute Energy Corporation (NYSE:REN)
06/16/16 05:17 PMLoonie declines, stock markets regain some of recent losses
06/14/16 04:54 PMTSX, Wall Street dip further into red as investors wait on Fed, Brexit vote
06/14/16 04:54 PMCanadian Stocks Little Changed as Fed, Brexit Decisions Loom
06/13/16 04:48 PMFormer Alberta premier signs on with Warburg Pincus
06/13/16 04:48 PMSuncor Has $2.5 Billion Of New Cash And Here Is The Company It Is Going To Acquire
06/09/16 05:22 PMMEG Energy - Skyrocketing Follows Horrible Trading - Seeking Alpha
06/09/16 12:45 PMMEG Energy Corp. – Value Analysis (TORONTO:MEG) : June 9, 2016 -
06/08/16 07:27 AMMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : June 8, 2016 -
06/07/16 07:46 AMMEG ENERGY CORP (MEGEF) Updated Price Targets - FTSE News
06/05/16 07:48 AMHow Many MEG Energy Corp (TSE:MEG)'s Analysts Are Bearish? - HNN
06/01/16 05:36 PMOil price rout forcing oilsands companies to think ‘bite-sized’ projects: Husky Energy - He said those smaller projects were the “lowest hanging fruit” for those oilsands producers. In addition to Husky, Dunn said that MEG Energy Corp., Cenovus Energy Inc. and Suncor Energy Inc. have all used smaller and debottlenecking projects to boost ...
06/01/16 07:59 AMAfter a drought, signs of new growth in the oilsands - In March, with oil prices skidding under $40 US a barrel, MEG Energy quietly published a notice of its application ... Like all producers, it has struggled through the downturn, but the company turned a profit in the first quarter of 2016, earning $130 ...
05/19/16 03:01 PMETF’s with exposure to MEG Energy Corp. : May 19, 2016 -
05/18/16 08:11 AMMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : May 18, 2016 -
05/05/16 04:34 PMETF’s with exposure to MEG Energy Corp. : May 5, 2016 -
05/04/16 08:19 AMMEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : May 4, 2016 -
05/03/16 01:30 PMSulphur Recovery Unit fire update - [at noodls] - CALGARY, AB - (May 2, 2016) - On March 3, 2016, MEG responded to a fire in the Sulphur Recovery Unit (SRU) at the company's Christina Lake facility. There were no injuries and the fire was quickly extinguished. ...
04/28/16 04:15 PMEdited Transcript of MEG.TO earnings conference call or presentation 28-Apr-16 3:00pm GMT -
04/28/16 06:07 AMQ1 2016 MEG Energy Corp Earnings Release - Before Market Open -
04/28/16 05:32 AMUPDATE 1-MEG Energy posts profit as production costs stay at record low - April 28 (Reuters) - MEG Energy Corp, which operates in Canada's oil sands, reported a first-quarter profit, compared with a loss a year earlier, as it managed to keep production costs at record lows...
04/28/16 04:14 AMMEG Energy reports strong production and low costs, providing a solid foundation during the current low price environment - [at noodls] - CALGARY, AB --(Marketwired - April 28, 2016) - MEG Energy Corp. today reported first quarter 2016 operating and financial results. Highlights include: Quarterly production of 76,640 barrels per day (bpd), ...
04/21/16 09:57 AMMEG Energy to release first quarter financial results - [at noodls] - CALGARY, AB--(Marketwired - April 21, 2016) - MEG Energy Corp. (TSX: MEG) announces that it intends to release its financial results for the first quarter ended March 31, 2016 on Thursday, April 28, 2016. ...
03/14/16 01:37 PMAnalyst Coverage Updates - MEG ENERGY CORP (MEGEF) - Risers & Fallers - Stock CallerAnalyst Coverage Updates - MEG ENERGY CORP (MEGEF)Risers & FallersRecently stock market analysts have updated their consensus ratings on shares of MEG ENERGY CORP (MEGEF). The latest broker reports which are currently outstanding on Monday 14th of March state 0 analysts have a rating of “strong buy”, 5 analysts ...How Analysts Rated MEG Energy Corp (TSE:MEG) Last Week?Business Standard Tribuneall 65 news articles »
03/04/16 09:52 AMMEG Energy resumes operations at Christina Lake -
03/04/16 07:44 AMMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : March 4, 2016 -
03/03/16 06:13 PMMEG Energy reports incident at Christina Lake sulphur plant -
03/03/16 05:21 PMMEG Energy's Board of Directors approves filing of 2015 year-end disclosure documents -
02/26/16 12:54 PMETF’s with exposure to MEG Energy Corp. : February 26, 2016 -
02/09/16 01:33 PMCanadian Companies Sell Assets While Continuing Oil Sands Projects - Companies including Husky Energy Inc., MEG Energy Corp. and Pengrowth Energy Corp. are selling assets or slowing light and conventional oil E&P, even as they forge ahead with oil sands projects that are in many cases bleeding money on every barrel.
02/07/16 12:41 PMMeg Energy Corp (TSE:MEG) "Outperform" Rating Reconfirmed at RBC Capital Markets; The Target Price Given is ... - OctaFinance.com - Meg Energy Corp (TSE:MEG) "Outperform" Rating Reconfirmed at RBC Capital Markets; The Target Price Given is ...OctaFinance.comRBC Capital Markets have a $11.00 PT on the stock. The PT indicates a potential upside of 108.33 % from Meg Energy Corp (TSE:MEG)'s last stock close price. This rating was revealed to investors in analysts note on Friday morning. TSE:MEG is at the ...
02/05/16 01:09 PMMEG cuts 2016 capital spending plan in half to deal with plunging bitumen prices - Calgary Herald - Calgary HeraldMEG cuts 2016 capital spending plan in half to deal with plunging bitumen pricesCalgary HeraldOilsands producer MEG Energy Corp. is chopping its 2016 capital budget in half, electing to stall previously stellar growth by capping spending this year at $170 million, down from the $328-million budget announced just two months ago. On a conference ...UPDATE 2-MEG Energy advances oil sands maintenance as low prices biteReutersMEG Energy Advances Oil Sands Maintenance as Low Prices BiteRigzoneRBC Capital Reiterates Outperform Rating for MEG Energy Corp (MEG)Intercooler FinancialFort McMurray Today -BOE Report (press release) -The Globe and Mailall 23 news articles »
02/04/16 01:43 PMUPDATE 2-MEG Energy advances oil sands maintenance as low prices bite - CALGARY, Alberta, Feb 4 (Reuters) - Canadian oil sands producer MEG Energy Corp is shifting maintenance forward at its 80,000 barrel per day oil sands plant in northern Alberta and also said on...
02/04/16 01:42 PMEdited Transcript of MEG.TO earnings conference call or presentation 4-Feb-16 4:00pm GMT -
02/04/16 01:03 PMBRIEF-MEG Energy shifts oil sands plant maintenance forward to March - Reuters - BRIEF-MEG Energy shifts oil sands plant maintenance forward to MarchReutersFeb 4 Meg Energy Corp. * Says in the current low oil price environment moving planned oil sands plant maintenance forward to March. * Expects production impact of maintenance to be approaximately 8,000 bpd in the first quarter. * Says in event of ...
02/04/16 01:03 PMEarnings Per Share for MEG Energy Corp (MEG) to Decrease - WallStreet.org - Earnings Per Share for MEG Energy Corp (MEG) to DecreaseWallStreet.orgWall Street await MEG Energy Corp (TSE:MEG) to release earnings on February, 4 before the open. Analysts forecast EPS of $-0.57, down exactly $0.73 or 456.25% from 2014's $0.16 EPS. After releasing $-0.39 EPS for the previous quarter, MEG Energy ...and more »
02/04/16 01:03 PMMEG Energy's quarterly loss widens - Reuters - The Globe and MailMEG Energy's quarterly loss widensReutersFeb 4 Canadian oil sands producer MEG Energy Corp posted a bigger quarterly loss, hurt by lower oil prices and a strong U.S. dollar. The company's net loss widened to C$297.3 million ($217.4 million), or C$1.32 per share, in the fourth quarter ended Dec.MEG Energy reports fourth quarter and full-year 2015 resultsStockhouseMeg, Baytex among Canadian oil producers cut further into junkThe Globe and MailUpdate – MEG Energy Up Strongly Again as Halves Planned 2016 Capital Spend, Keeps FY Production Guidance ...WallStreet.orgall 14 news articles »
02/04/16 06:07 AMQ4 2015 MEG Energy Corp Earnings Release - Before Market Open -
02/04/16 04:50 AMMEG Energy slashes 2016 budget by nearly 50 pct -
02/04/16 04:00 AMMEG Energy reports fourth quarter and full-year 2015 results -
02/03/16 04:44 PMMEG Energy Corp. -- Moody's downgrades MEG's CFR to Caa2; outlook negative -
02/03/16 12:38 PMMEG Energy Corp Declines Again; Strong Momentum for Sellers - WallStreet.org - MEG Energy Corp Declines Again; Strong Momentum for SellersWallStreet.orgThe stock of MEG Energy Corp (TSE:MEG) is a huge mover today! The stock is down 3.46% or $0.17 after the news, hitting $4.74 per share. About 418,306 shares traded hands. MEG Energy Corp (TSE:MEG) has declined 75.92% since June 26, 2015 and is ...and more »
01/28/16 09:30 AMMEG Energy to release fourth quarter financial results -
01/17/16 06:13 PMCanada Stocks Tumble as Oil Slides Past $30 as Rout Deepens - Energy companies slid 4.1 percent to lead declines on Friday. Every stock in the 55-member group fell, with MEG Energy Corp. and Baytex Energy Corp. losing more than 10 percent. Health-care shares lost 3 percent, led by drops in ProMetic LifeSciences Inc ...
About MEG Energy Corp

MEG Energy Corp logoMEG Energy Corp. (MEG) is an oil sands company. The Company is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has two commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project. MEG also holds interest in the Access Pipeline.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Exchange: TSE
  • Symbol: MEG
  • CUSIP:
Key Metrics:
  • Previous Close: $6.07
  • 50 Day Moving Average: $6.29
  • 200 Day Moving Average: $6.24
  • P/E Ratio: N/A
  • P/E Growth: -0.05
  • Market Cap: $1.37B
  • Current Quarter EPS Consensus Estimate: $-1.81 EPS
Additional Links:
MEG Energy Corp (TSE:MEG) Chart for Monday, June, 27, 2016


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