OTCMKTS:MEGEF

MEG Energy - MEGEF Stock Forecast, Price & News

$16.07

+0.30 (+1.90%)

(As of 03/31/2023 12:00 AM ET)

Add

Compare

Today's Range: $15.75
▼
$16.18
50-Day Range: $13.72
▼
$17.42
52-Week Range: $10.10
▼
$19.90

Volume: 30,199 shs
Average Volume: 76,498 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $23.14

MEG Energy MarketRank™ Forecast

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 44.0% Upside
$23.14 Price Target
Short Interest: Bearish
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

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 Rating
MEG 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/Downside
According 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 Coverage
MEG Energy has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
MEG Energy has a short interest ratio ("days to cover") of 18.6, which indicates bearish sentiment.
Change versus previous month
Short interest in MEG Energy has recently decreased by 15.94%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
MEG Energy does not currently pay a dividend.
Dividend Growth
MEG Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEGEF.

2.8

News and Social Media Coverage

News Sentiment
MEG 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 Week
MarketBeat has tracked 1 news article for MEG Energy this week, compared to 0 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MEG Energy insiders have not sold or bought any company stock.
Percentage Held by Institutions
50.51% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The 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. Sector
The 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.

See Top Rated MarketRank™ Stocks Here

About MEG Energy (OTCMKTS:MEGEF) Stock

MEG 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.

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.

MEGEF Stock News Headlines

February 27, 2023 | ca.finance.yahoo.com

MEG Energy earns $159M in Q4; high oil prices offset by WCS differential

February 27, 2023 | marketwatch.com

MEG Energy Sees Higher Bitumen Output in 2023 -- Energy Comment

March 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.com

MEG Energy announces 2022 financial and operating results

January 27, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Utilities Companies: MEG Energy (OtherMEGEF) and Origin Energy Limited (OtherOGFGF)

January 23, 2023 | finance.yahoo.com

While institutions own 40% of MEG Energy Corp. (TSE:MEG), individual investors are its largest shareholders with 59% ownership

December 14, 2022 | finance.yahoo.com

Declining 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 Evidence

March 31, 2023 | Weiss Ratings (Ad)

Bank Accounts: Frozen!

November 28, 2022 | finance.yahoo.com

MEG Energy announces 2023 Capital Investment Plan and Operational Guidance

November 10, 2022 | seekingalpha.com

MEG Energy Corp. (MEGEF) Q3 2022 Earnings Call Transcript

October 20, 2022 | finance.yahoo.com

MEG Energy Announces Third Quarter of 2022 Results and Conference Call

October 17, 2022 | seekingalpha.com

MEG Energy: The WCS Differential Should Recover

September 30, 2022 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Caterpillar (CAT) and Siemens Energy (OtherSMEGF)

July 30, 2022 | seekingalpha.com

MEG Energy Corp. (MEGEF) CEO Derek Evans on Q2 2022 Results - Earnings Call Transcript

July 30, 2022 | finance.yahoo.com

Do MEG Energy's (TSE:MEG) Earnings Warrant Your Attention?

July 30, 2022 | seekingalpha.com

Meg Energy reports Q2 results

July 29, 2022 | seekingalpha.com

Top Canada oil execs push back against Trudeau's 'unrealistic' emissions plan

July 19, 2022 | morningstar.com

MEG Energy Corp - Stock Quote MEGEF

July 7, 2022 | finance.yahoo.com

Is 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.com

MEG Energy Announces Changes to Board of Directors

June 29, 2022 | finance.yahoo.com

MEG Energy announces operational update, continued debt repayment, inaugural share repurchases and renewal of credit facilities

June 16, 2022 | finance.yahoo.com

MEG Energy Announces New Chief Financial Officer

May 31, 2022 | seekingalpha.com

MEG Energy - brink of bankruptcy to buyback in record time

May 31, 2022 | finance.yahoo.com

MEG Energy Announces Initiation of Share Buyback Program

May 8, 2022 | finance.yahoo.com

The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

May 5, 2022 | finance.yahoo.com

Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 26%?

See More Headlines

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.

MEGEF Company Calendar

Today: 3/31/2023
Next Earnings (Estimated): 5/02/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Oil & Gas E & P
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: OTCMKTS:MEGEF
CUSIP: N/A
CIK: N/A
Web: www.megenergy.com
Phone: (403) 770-0446
Fax: N/A
Employees: 411
Year Founded: N/A

Price 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 Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

Key Executives

Derek Watson Evans
President, Chief Executive Officer & Director

Darlene M. Gates
Chief Operating Officer

Ryan M. Kubik
Chief Financial Officer

Chi-Tak Yee
Chief Technology Officer

Dave Granger
Senior Vice President-Human Resources

Key Competitors

View 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

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 - MEGEF Stock Forecast, Price & News

MEG Energy MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About MEG Energy (OTCMKTS:MEGEF) Stock

MEGEF Stock News Headlines

MEGEF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MEGEF Stock - Frequently Asked Questions

Overall MarketRank^™