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MEG Energy (TSE:MEG) Stock Price Crosses Below Fifty Day Moving Average - Here's Why

Written by MarketBeat
Updated August 18, 2025
MEG Energy logo with Energy background

Key Points

  • MEG Energy's stock price dropped below its 50-day moving average of C$26.24, hitting a low of C$26.22 during trading, although it last traded at C$26.56.
  • The company recently announced an increase in its quarterly dividend to $0.11 per share, effective October 15th, raising the annualized yield to 1.7%.
  • MEG Energy has a market capitalization of C$6.88 billion and reported a debt-to-equity ratio of 22.80, indicating its financial leverage ratio.
  • Five stocks we like better than MEG Energy.

MEG Energy Corp. (TSE:MEG - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$26.24 and traded as low as C$26.22. MEG Energy shares last traded at C$26.56, with a volume of 1,031,137 shares trading hands.

MEG Energy Trading Up 1.1%

The company's 50-day moving average is C$26.30 and its 200 day moving average is C$23.92. The company has a current ratio of 1.55, a quick ratio of 1.17 and a debt-to-equity ratio of 22.80. The firm has a market cap of C$7.03 billion, a PE ratio of 14.37, a P/E/G ratio of 0.17 and a beta of 2.89.

MEG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 12th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.6%. This is a boost from MEG Energy's previous quarterly dividend of $0.10. MEG Energy's dividend payout ratio (DPR) is 21.19%.

MEG Energy Company Profile

(Get Free Report)

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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