OTCMKTS:MEGEF MEG Energy - MEGEF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MEG Energy Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $16.07 +0.30 (+1.90%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$15.75▼$16.1850-Day Range$13.72▼$17.4252-Week Range$10.10▼$19.90Volume30,199 shsAverage Volume76,498 shsMarket CapitalizationN/AP/E RatioN/ADividend YieldN/APrice Target$23.14 ProfileAnalyst RatingsChartCompetitorsHeadlinesShort Interest MEG Energy MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside44.0% Upside$23.14 Price TargetShort InterestBearishDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.67 out of 5 stars 3.1 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.14, MEG Energy has a forecasted upside of 44.0% from its current price of $16.07.Amount of Analyst CoverageMEG Energy has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverMEG Energy has a short interest ratio ("days to cover") of 18.6, which indicates bearish sentiment.Change versus previous monthShort interest in MEG Energy has recently decreased by 15.94%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldMEG Energy does not currently pay a dividend.Dividend GrowthMEG Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEGEF. Previous Next 2.8 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for MEG Energy this week, compared to 0 articles on an average week. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have not sold or bought any company stock.Percentage Held by Institutions50.51% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is -34.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is -34.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here About MEG Energy (OTCMKTS:MEGEF) StockMEG Energy Corp. engages in the production of in situ thermal oil. Its projects include Cristina Lake and Surmont. The company was founded by William J. McCaffrey, Steve Turner and David J. Wizinsky on March 9, 1999 and is headquartered in Calgary, Canada.Read More Receive MEGEF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address MEGEF Stock News HeadlinesFebruary 27, 2023 | ca.finance.yahoo.comMEG Energy earns $159M in Q4; high oil prices offset by WCS differentialFebruary 27, 2023 | marketwatch.comMEG Energy Sees Higher Bitumen Output in 2023 -- Energy CommentMarch 31, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!February 27, 2023 | finance.yahoo.comMEG Energy announces 2022 financial and operating resultsJanuary 27, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Utilities Companies: MEG Energy (OtherMEGEF) and Origin Energy Limited (OtherOGFGF)January 23, 2023 | finance.yahoo.comWhile institutions own 40% of MEG Energy Corp. (TSE:MEG), individual investors are its largest shareholders with 59% ownershipDecember 14, 2022 | finance.yahoo.comDeclining Stock and Solid Fundamentals: Is The Market Wrong About MEG Energy Corp. (TSE:MEG)?December 13, 2022 | msn.com‘Tory Shot Meg’: Megan Thee Stallion’s Friend Kelsey To Testify She Witnessed Tory Lanez Pull Trigger, Texts To Be Used As EvidenceMarch 31, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!November 28, 2022 | finance.yahoo.comMEG Energy announces 2023 Capital Investment Plan and Operational GuidanceNovember 10, 2022 | seekingalpha.comMEG Energy Corp. (MEGEF) Q3 2022 Earnings Call TranscriptOctober 20, 2022 | finance.yahoo.comMEG Energy Announces Third Quarter of 2022 Results and Conference CallOctober 17, 2022 | seekingalpha.comMEG Energy: The WCS Differential Should RecoverSeptember 30, 2022 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Industrial Goods Companies: Caterpillar (CAT) and Siemens Energy (OtherSMEGF)July 30, 2022 | seekingalpha.comMEG Energy Corp. (MEGEF) CEO Derek Evans on Q2 2022 Results - Earnings Call TranscriptJuly 30, 2022 | finance.yahoo.comDo MEG Energy's (TSE:MEG) Earnings Warrant Your Attention?July 30, 2022 | seekingalpha.comMeg Energy reports Q2 resultsJuly 29, 2022 | seekingalpha.comTop Canada oil execs push back against Trudeau's 'unrealistic' emissions planJuly 19, 2022 | morningstar.comMEG Energy Corp - Stock Quote MEGEFJuly 7, 2022 | finance.yahoo.comIs Weakness In MEG Energy Corp. (TSE:MEG) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?July 4, 2022 | finance.yahoo.comMEG Energy Announces Changes to Board of DirectorsJune 29, 2022 | finance.yahoo.comMEG Energy announces operational update, continued debt repayment, inaugural share repurchases and renewal of credit facilitiesJune 16, 2022 | finance.yahoo.comMEG Energy Announces New Chief Financial OfficerMay 31, 2022 | seekingalpha.comMEG Energy - brink of bankruptcy to buyback in record timeMay 31, 2022 | finance.yahoo.comMEG Energy Announces Initiation of Share Buyback ProgramMay 8, 2022 | finance.yahoo.comThe MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales ForecastsMay 5, 2022 | finance.yahoo.comAre Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 26%?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MEGEF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address MEGEF Company Calendar Today3/31/2023Next Earnings (Estimated)5/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Oil & Gas E & P Sub-IndustryN/A SectorOils/Energy Current SymbolOTCMKTS:MEGEF CUSIPN/A CIKN/A Webwww.megenergy.com Phone(403) 770-0446FaxN/AEmployees411Year FoundedN/APrice Target and Rating Average Stock Price Forecast$23.14 High Stock Price Forecast$26.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+44.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableNot Optionable BetaN/A Key ExecutivesDerek Watson EvansPresident, Chief Executive Officer & DirectorDarlene M. GatesChief Operating OfficerRyan M. KubikChief Financial OfficerChi-Tak YeeChief Technology OfficerDave GrangerSenior Vice President-Human ResourcesKey Competitors88 EnergyOTCMKTS:EEENFAdvantagewon OilOTCMKTS:ANTGFAfentraOTCMKTS:STGAFAfrica EnergyOTCMKTS:HPMCFAker BP ASAOTCMKTS:DETNFView All Competitors MEGEF Stock - Frequently Asked Questions Should I buy or sell MEG Energy stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MEGEF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEGEF, but not buy additional shares or sell existing shares. View MEGEF analyst ratings or view top-rated stocks. What is MEG Energy's stock price forecast for 2023? 4 brokerages have issued 12 month price objectives for MEG Energy's shares. Their MEGEF share price forecasts range from $20.00 to $26.00. On average, they anticipate the company's share price to reach $23.14 in the next twelve months. This suggests a possible upside of 44.0% from the stock's current price. View analysts price targets for MEGEF or view top-rated stocks among Wall Street analysts. How have MEGEF shares performed in 2023? MEG Energy's stock was trading at $13.93 at the beginning of 2023. Since then, MEGEF shares have increased by 15.3% and is now trading at $16.0660. View the best growth stocks for 2023 here. Are investors shorting MEG Energy? MEG Energy saw a decline in short interest in March. As of March 15th, there was short interest totaling 3,298,200 shares, a decline of 15.9% from the February 28th total of 3,923,400 shares. Based on an average daily volume of 177,600 shares, the short-interest ratio is currently 18.6 days. View MEG Energy's Short Interest. When is MEG Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023. View our MEGEF earnings forecast. What is MEG Energy's stock symbol? MEG Energy trades on the OTCMKTS under the ticker symbol "MEGEF." How do I buy shares of MEG Energy? Shares of MEGEF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is MEG Energy's stock price today? One share of MEGEF stock can currently be purchased for approximately $16.07. How many employees does MEG Energy have? The company employs 411 workers across the globe. How can I contact MEG Energy? MEG Energy's mailing address is 3rd Avenue SW, Calgary, AB T2P. The official website for the company is www.megenergy.com. The company can be reached via phone at (403) 770-0446. This page (OTCMKTS:MEGEF) was last updated on 3/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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