MEG Energy (MEG) Stock Forecast & Price Target

→ Red Alert: Your Money's Disappearance Act - Banks' Greed Unleashed! (From Priority Gold) (Ad)

C$31.86

+0.08 (+0.25%)

(As of 10:48 AM ET)

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

MEG Energy Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

C$32.27
1.30% Upside

High Forecast	C$39.00
Average Forecast	C$32.27
Low Forecast	C$23.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Hold	Hold	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$32.27	C$30.09	C$29.05	C$24.33
Predicted Upside	1.30% Upside	10.76% Upside	19.35% Upside	12.95% Upside

Get MEG Energy Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for MEG and its competitors with MarketBeat's FREE daily newsletter.

Ad DTI

Start loving Mondays like this

Wouldn’t you love to start looking forward to Mondays? We’re in a New Paradigm Shift in the market that could make it possible! You see, rallies over the weekends have become much more common in the last few years. Imagine hitting a few buttons on your phone or laptop to place a quick trade before the weekend hits… And coming back on Monday to what could be extra income sitting in your account… Weekend after weekend!

Weekend after weekend!

MEG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MEG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

MEG Energy Stock vs. The Competition

Type	MEG Energy	Energy Companies
Consensus Rating Score	2.30	2.65
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold	C$28.00 ➝ C$35.00	+10.38%
4/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$32.00 ➝ C$39.00	+18.47%
3/28/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$35.00 ➝ C$37.00	+18.93%
3/22/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold	C$30.00 ➝ C$31.00	+0.71%
3/22/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	C$26.00 ➝ C$30.00	-2.53%
3/20/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$32.00 ➝ C$35.00	+15.82%
Get the Latest News and Ratings for MEG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter.
3/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$33.00 ➝ C$34.00	+17.20%
3/4/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	C$30.00 ➝ C$32.00	+10.76%
3/1/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold	C$28.00 ➝ C$32.00	+9.55%
11/28/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	C$27.00	+7.10%
8/17/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$21.50 ➝ C$23.00	-4.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:11 AM ET.

MEG Price Target - Frequently Asked Questions

What is MEG Energy's consensus rating and price target?: According to the issued ratings of 10 analysts in the last year, the consensus rating for MEG Energy stock is Hold based on the current 7 hold ratings and 3 buy ratings for MEG. The average twelve-month price prediction for MEG Energy is C$32.27 with a high price target of C$39.00 and a low price target of C$23.00. Learn more on MEG's analyst rating history.
Do Wall Street analysts like MEG Energy more than its competitors?: Analysts like MEG Energy less than other Energy companies. The consensus rating for MEG Energy is Hold while the average consensus rating for energy companies is Moderate Buy. Learn more on how MEG compares to other companies.
Does MEG Energy's stock price have much upside?: According to analysts, MEG Energy's stock has a predicted upside of 10.66% based on their 12-month stock forecasts.

What analysts cover MEG Energy?: MEG Energy has been rated by ATB Capital, BMO Capital Markets, CIBC, Desjardins, Jefferies Financial Group, JPMorgan Chase & Co., National Bankshares, Royal Bank of Canada, and TD Securities in the past 90 days.

Stock Ratings Reports and Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

This page (TSE:MEG) was last updated on 4/18/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

MEG Energy (MEG) Stock Forecast & Price Target

MEG Energy Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

MEG Analyst Ratings By Month

MEG Price Targets by Month

MEG Energy Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

MEG Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info