MEG Energy Corp. (
TSE:MEG -
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MEG Energy Price Performance
The firm's fifty day simple moving average is C$26.45 and its 200 day simple moving average is C$24.02. The firm has a market cap of C$7.14 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.17 and a beta of 2.89. 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 Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.6%. This is an increase from MEG Energy's previous quarterly dividend of $0.10. MEG Energy's dividend payout ratio is 21.19%.
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.
Further Reading
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