MEG Energy (TSE:MEG - Get Free Report) was downgraded by research analysts at Atb Cap Markets from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.
Separately, Desjardins cut MEG Energy from a "hold" rating to a "tender" rating and set a C$28.00 price target on the stock. in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, MEG Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of C$30.86.
Get Our Latest Analysis on MEG Energy
MEG Energy Trading Up 0.6%
MEG opened at C$28.66 on Thursday. MEG Energy has a one year low of C$17.00 and a one year high of C$29.50. The stock has a market capitalization of C$7.29 billion, a PE ratio of 13.71, a P/E/G ratio of 0.17 and a beta of 0.93. The business's 50 day moving average price is C$27.70 and its 200 day moving average price is C$25.04. The company has a debt-to-equity ratio of 22.80, a quick ratio of 1.17 and a current ratio of 1.55.
MEG Energy Company Profile
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MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of March 2021, the company reported estimated net proved and probable reserves of 2 billion barrels of oil equivalent. Net production averaged 82,000 barrels per day in 2020.
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