MEG Energy Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MEG Energy stock. 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.
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Wall Street analysts have given MEG Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MEG Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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MEG Energy saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,766,100 shares, a decline of 39.0% from the March 15th total of 2,893,900 shares. Based on an average trading volume of 177,500 shares, the days-to-cover ratio is presently 9.9 days.
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MEG Energy's stock was trading at $1.9710 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MEGEF stock has increased by 169.4% and is now trading at $5.31.
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11 brokerages have issued twelve-month target prices for MEG Energy's shares. Their forecasts range from $3.00 to $10.00. On average, they anticipate MEG Energy's share price to reach $7.13 in the next year. This suggests a possible upside of 34.2% from the stock's current price.
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Some companies that are related to MEG Energy include (GPX.L) (GPX), (SHP) (SHP), (SPE.TO) (SPE), 1524656 (AOC), 1849520 (AWE.AX) (AWE), 3D Oil (TDO), 88 Energy (88E), 88 Energy (EEENF), Advance Energy (ADV), ADX Energy (ADX), Africa Energy (HPMCF), Aker BP ASA (DETNF), Amazing Energy Oil and Gas (AMAZ), Ansila Energy (ANA) and Argo Exploration (AXT).
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MEG Energy trades on the OTCMKTS under the ticker symbol "MEGEF."

Shares of MEGEF 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.
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One share of MEGEF stock can currently be purchased for approximately $5.31.

MEG Energy employs 391 workers across the globe.

The official website for MEG Energy is www.megenergy.com.

The company can be reached via phone at 403-770-0446.