OTCMKTS:MEGEF

MEG Energy - MEGEF Stock Forecast, Price & News

$11.19

-0.26 (-2.27%)

(As of 09/30/2022 05:36 PM ET)

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Today's Range: $11.07
▼
$11.47
50-Day Range: $10.25
▼
$14.84
52-Week Range: $7.66
▼
$19.90

Volume: 66,503 shs
Average Volume: 165,297 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.38

About MEG Energy (OTCMKTS:MEGEF) Stock

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.

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MEGEF Stock News Headlines

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%?

May 4, 2022 | finance.yahoo.com

Why MEG Energy Shares Are Trading Higher Today

May 3, 2022 | seekingalpha.com

MEG Energy Corp. (MEGEF) CEO Derek Evans on Q1 2022 Results - Earnings Call Transcript

May 2, 2022 | ca.investing.com

MEG Energy Corp Earnings beat, Revenue misses In Q1

May 2, 2022 | finance.yahoo.com

MEG Energy announces record first quarter operational and financial results and updated capital allocation strategy

March 16, 2022 | finance.yahoo.com

MEG Energy Announces Pending Retirement of Chief Financial Officer

March 14, 2022 | finance.yahoo.com

New Forecasts: Here's What Analysts Think The Future Holds For MEG Energy Corp. (TSE:MEG)

March 8, 2022 | finance.yahoo.com

MEG Receives TSX Approval for Normal Course Issuer Bid

March 4, 2022 | ca.finance.yahoo.com

MEG Energy earns $177M in fourth quarter, announces share buyback plan

March 4, 2022 | seekingalpha.com

MEG Energy announces $171M debt repayment

March 3, 2022 | finance.yahoo.com

MEG Energy announces full year 2021 results, additional debt repayment and advancement of shareholder return strategy

February 3, 2022 | finance.yahoo.com

MEG Energy Corp. -- Moody's changes MEG Energy's outlook to positive; affirms B2 CFR

November 29, 2021 | finance.yahoo.com

MEG Energy announces 2022 capital investment plan, further debt repayment and go-forward capital allocation strategy

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30 days | 90 days | 365 days | Advanced Chart

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MEGEF Company Calendar

Today: 9/30/2022
Next Earnings (Estimated): 11/07/2022

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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: $20.88
High Stock Price Forecast: $26.00
Low Stock Price Forecast: $13.00
Forecasted Upside/Downside: +91.0%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 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

Mr. Derek W. Evans B.Sc. (Age 65)
P. Eng., Pres, CEO & Director
Comp: $1.26M

Ms. Darlene M. Gates
Chief Operating Officer

Mr. Chi-Tak Yee P.Eng.
Chief Technology Officer

Mr. Lyle S. Yuzdepski
Sr. VP of Legal, Gen. Counsel & Corp. Sec.

Mr. Ryan M. Kubik C.A. (Age 54)
CA, CFA, Chief Financial Officer

Ms. Helen Kelly MBA
Director of Investor Relations

Mr. David Michael Granger
VP HR

Key Competitors

View All Competitors

MEGEF Stock - Frequently Asked Questions

Should I buy or sell MEG Energy stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 2022?: 6 analysts have issued 12 month price objectives for MEG Energy's shares. Their MEGEF share price forecasts range from $13.00 to $30.00. On average, they anticipate the company's share price to reach $21.38 in the next twelve months. This suggests a possible upside of 86.7% 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 2022?: MEG Energy's stock was trading at $9.24 on January 1st, 2022. Since then, MEGEF stock has increased by 23.9% and is now trading at $11.45.
View the best growth stocks for 2022 here.
Are investors shorting MEG Energy?: MEG Energy saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,613,200 shares, an increase of 22.8% from the August 31st total of 2,942,500 shares. Based on an average daily trading volume, of 265,500 shares, the short-interest ratio is currently 13.6 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 Monday, November 7th 2022.
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 $11.45.
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 9/30/2022 by MarketBeat.com Staff

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