OTCMKTS:MEGEF MEG Energy (MEGEF) Stock Forecast, Price & News $16.37 +0.18 (+1.11%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$15.89▼$16.3750-Day Range$14.75▼$17.6352-Week Range$10.10▼$19.90Volume27,626 shsAverage Volume68,654 shsMarket CapitalizationN/AP/E RatioN/ADividend YieldN/APrice Target$24.14 ProfileProfileAnalyst RatingsChartCompetitorsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsHeadlinesShort Interest MEG Energy MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside47.5% Upside$24.14 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.1.30 out of 5 stars 3.2 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.14, MEG Energy has a forecasted upside of 47.5% from its current price of $16.37.Amount of Analyst CoverageMEG Energy has only been the subject of 2 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverMEG Energy has a short interest ratio ("days to cover") of 34.7, which indicates bearish sentiment.Change versus previous monthShort interest in MEG Energy has recently increased by 55.10%, indicating that investor sentiment is decreasing 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 N/A News and Social Media Coverage 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 -35.21, 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 -35.21, 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 HeadlinesMay 26, 2023 | msn.comMEG Energy Corp Closes Up +2.67% on May 26thMay 25, 2023 | msn.comMEG Energy Corp Down 2.47% on ThursdayJune 7, 2023 | Edge On The Street (Ad)Nevada Desert more Valuable than Wall Street or Silicon Valley?It could be true, according to Nevada Governor Steve Sisolak. The state's desert flats contain more lithium than any other geography in the world. And with electric vehicles driving a global boom in demand for lithium-ion batteries, Nevada should be on every investor's radar.May 23, 2023 | americanbankingnews.comMEG Energy (OTCMKTS:MEGEF) Upgraded to "Outperform" by ScotiabankMay 18, 2023 | finance.yahoo.comMEG Energy Provides Support to Communities Impacted by Alberta Wildfires through The Canadian Red Cross Alberta Fires AppealMay 18, 2023 | news.yahoo.comMeg Foster Returns to ‘Masters of the Universe’ (TV News Roundup)May 13, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp down on Friday (MEG)May 3, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Utilities Stocks: American Water (AWK) and MEG Energy (OtherMEGEF)June 7, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 3, 2023 | americanbankingnews.comMEG Energy Corp. (OTCMKTS:MEGEF) Sees Significant Decrease in Short InterestMay 1, 2023 | finance.yahoo.comMEG Energy Reports 2023 Director Election Voting ResultsMay 1, 2023 | finance.yahoo.comMEG Energy announces first quarter 2023 financial and operating resultsApril 25, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp down on Tuesday (MEG)April 20, 2023 | americanbankingnews.comMEG Energy (OTCMKTS:MEGEF) PT Raised to C$29.00 at National Bank FinancialApril 19, 2023 | americanbankingnews.comMEG Energy Corp. (OTCMKTS:MEGEF) Sees Large Drop in Short InterestApril 18, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp up on Tuesday (MEG)April 18, 2023 | markets.businessinsider.comCrew Energy (CWEGF) Receives a Rating Update from a Top AnalystApril 17, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp down on Monday (MEG)April 17, 2023 | markets.businessinsider.comMEG Energy (MEGEF) Receives a Buy from BMO CapitalApril 17, 2023 | finance.yahoo.comMEG Energy Announces First Quarter of 2023 Results and Conference CallApril 14, 2023 | americanbankingnews.comMEG Energy (OTCMKTS:MEGEF) Price Target Increased to C$26.00 by Analysts at ScotiabankApril 14, 2023 | americanbankingnews.comMEG Energy (OTCMKTS:MEGEF) Stock Rating Lowered by Royal Bank of CanadaApril 12, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp down on Wednesday (MEG)February 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 CommentFebruary 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)See More Headlines MEGEF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEGEF Company Calendar Today6/07/2023Next Earnings (Estimated)7/27/2023Get 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$24.14 High Stock Price Forecast$29.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+47.5%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 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? 5 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 2 buy ratings 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? 5 analysts have issued 1 year price objectives for MEG Energy's shares. Their MEGEF share price forecasts range from $20.00 to $29.00. On average, they expect the company's share price to reach $24.14 in the next year. This suggests a possible upside of 47.5% 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 the year. Since then, MEGEF shares have increased by 17.5% and is now trading at $16.3680. View the best growth stocks for 2023 here. Are investors shorting MEG Energy? MEG Energy saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,999,300 shares, an increase of 55.1% from the April 30th total of 1,933,800 shares. Based on an average daily volume of 86,400 shares, the short-interest ratio is presently 34.7 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 Thursday, July 27th 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 $16.37. 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 6/7/2023 by MarketBeat.com Staff 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. 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. 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