TSE:MEG MEG Energy Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. C$17.22 +1.45 (+9.19%) (As of 07/7/2022 11:39 AM ET) Add Compare Share Today's RangeC$16.65▼C$17.4650-Day RangeC$15.77▼C$24.2552-Week RangeC$6.85▼C$24.47Volume1.56 million shsAverage Volume2.93 million shsMarket CapitalizationC$5.29 billionP/E Ratio8.28Dividend YieldN/APrice TargetC$21.55 ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media MEG Energy MarketRank™ ForecastAnalyst RatingHold2.31 Rating ScoreUpside/Downside25.2% UpsideC$21.55 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.60Based on 8 Articles This WeekInsider TradingSelling SharesC$5.80 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.34 out of 5 stars 4.2 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 4 buy ratings, 9 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$21.55, MEG Energy has a forecasted upside of 25.2% from its current price of C$17.22.Amount of Analyst CoverageMEG Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 0.0 Short Interest Short InterestThere is no current short interest data available for MEG. 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 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEG. Previous Next 2.6 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 0.60. 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 0.40 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 8 news articles for MEG Energy this week, compared to 1 article on an average week.Search InterestOnly 19 people have searched for MEG on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -72% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$5,800,789.00 in company stock. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 8.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 95.40.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 8.28, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 62.58.Price to Earnings Growth RatioMEG Energy has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMEG Energy has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MEG 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 About MEG Energy (TSE:MEG) StockMEG 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.Read More MEG Stock News HeadlinesJuly 5, 2022 | uk.finance.yahoo.comIs the MEG Energy share price too low?July 3, 2022 | americanbankingnews.comMEG Energy (TSE:MEG) Price Target Raised to C$25.00July 2, 2022 | americanbankingnews.comMEG Energy (TSE:MEG) Price Target Cut to C$31.00June 24, 2022 | americanbankingnews.comThe Goldman Sachs Group Lowers MEG Energy (TSE:MEG) Price Target to C$22.00June 22, 2022 | finance.yahoo.comCANADA STOCKS-TSX down on energy slump, hot inflation dataJune 21, 2022 | msn.comCanada shares higher at close of trade; S&P/TSX Composite up 0.38%June 21, 2022 | ca.finance.yahoo.comStocks Continue RecoveryJune 21, 2022 | baystreet.caGains Grow for TSXJune 21, 2022 | americanbankingnews.comMEG Energy Corp. (TSE:MEG) Receives C$20.45 Consensus Price Target from BrokeragesMay 24, 2022 | reuters.comCANADA STOCKS-Toronto index rises as energy, cyclical stocks gainMay 24, 2022 | nasdaq.comEnergy, Materials Shares Lifting Canadian MarketMay 8, 2022 | msn.comHigh Growth: 2 Energy Stocks Make Cryptos Look InferiorMay 3, 2022 | msn.comS&P/TSX composite index lifted by broad rally led by energy, materials sectorsMay 3, 2022 | ca.finance.yahoo.comRecord Earnings: Should You Buy MEG Energy Now?May 3, 2022 | fool.caWhy MEG Energy Stock Could Keep SurgingMay 3, 2022 | theglobeandmail.comMEG Energy reports record quarter as high prices boost profitsApril 27, 2022 | msn.comFederal tax credit not enough to get carbon capture projects built: Cenovus CEOApril 25, 2022 | ca.finance.yahoo.comMEG Energy Announces First Quarter of 2022 Results and Conference CallApril 18, 2022 | theglobeandmail.comOil and gas industry will lose public support if it doesn’t hit net zero by 2050, MEG Energy CEO saysMarch 30, 2022 | theglobeandmail.comPathways Alliance plan can help lead Canada to a clean energy industry and a net-zero futureMarch 16, 2022 | msn.comTo Energy Firms: Raise Dividends. Don’t Buy Back SharesMarch 7, 2022 | msn.com2 Energy Stocks Could Climb Faster Than Oil PricesMarch 7, 2022 | finance.yahoo.comResults: MEG Energy Corp. Beat Earnings Expectations And Analysts Now Have New ForecastsMarch 2, 2022 | markets.businessinsider.comMEG Energy is about to announce earnings — here's what Wall Street expectsFebruary 11, 2022 | nasdaq.comCanadian Market Moderately Higher At Noon; Energy, Materials Shares Move UpSee More Headlines Industry, Sector and Symbol Stock ExchangeTSE Industry Independent Oil & Gas Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees411Year FoundedN/ACompany Calendar Last Earnings5/02/2022Today7/07/2022Next Earnings (Estimated)7/28/2022Price Target and Rating Average Stock Price ForecastC$21.55 High Stock Price ForecastC$31.00 Low Stock Price ForecastC$13.00 Forecasted Upside/Downside+25.2%Consensus RatingHold Rating Score (0-4)2.30769230769231 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio8.28 Forward P/E Ratio5.63 P/E Growth0.14Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio64.62 Current Ratio1.58 Quick Ratio1.15 Sales & Book Value Annual SalesC$4.94 billion Price / Sales1.07 Cash FlowC$0.96 per share Price / Cash Flow17.96 Book ValueC$13.58 per share Price / Book1.27Miscellaneous Outstanding Shares307,200,000Free FloatN/AMarket CapC$5.29 billion OptionableNot Optionable BetaN/A MEG Energy Frequently Asked Questions Should I buy or sell MEG Energy stock right now? 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 MEG, but not buy additional shares or sell existing shares. View analyst ratings for MEG Energy or view top-rated stocks. What is MEG Energy's stock price forecast for 2022? 13 brokerages have issued 12-month price targets for MEG Energy's stock. Their MEG stock forecasts range from C$13.00 to C$31.00. On average, they predict MEG Energy's stock price to reach C$21.55 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price. View analysts' price targets for MEG Energy or view top-rated stocks among Wall Street analysts. How has MEG Energy's stock performed in 2022? MEG Energy's stock was trading at C$11.70 at the beginning of 2022. Since then, MEG stock has increased by 47.2% and is now trading at C$17.22. View the best growth stocks for 2022 here. When is MEG Energy's next earnings date? MEG Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022. View our earnings forecast for MEG Energy. How were MEG Energy's earnings last quarter? MEG Energy Corp. (TSE:MEG) posted its quarterly earnings results on Monday, May, 2nd. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.63 billion. View MEG Energy's earnings history. Who are MEG Energy's key executives? MEG Energy's management team includes the following people: Mr. Derek W. Evans B.Sc., P. Eng., Pres, CEO & Director (Age 65, Pay $1.7M)Mr. Eric Lloyd Toews C.A., C.P.A., CA, CPA, Chief Financial OfficerMs. Darlene M. Gates, Chief Operating OfficerMr. Chi-Tak Yee P.Eng., Chief Technology OfficerMr. Lyle S. Yuzdepski, Sr. VP of Legal, Gen. Counsel & Corp. Sec.Ms. Helen Kelly MBA, Director of Investor RelationsMr. David Michael Granger, VP HR Who are some of MEG Energy's key competitors? Some companies that are related to MEG Energy include Crescent Point Energy (CPG), Vermilion Energy (VET), Paramount Resources (POU), Linamar (LNR), NuVista Energy (NVA), Great Bear Resources (GBR), Athabasca Oil (ATH), Mainstreet Equity (MEQ), Serica Energy (SQZ), Capricorn Energy (CNE), Seplat Energy (SEPL), Gran Tierra Energy (GTE), Ophir Energy (OPHR), VersaBank (VB) and Genel Energy (GENL). View all of MEG's competitors. What other stocks do shareholders of MEG Energy own? Based on aggregate information from My MarketBeat watchlists, some companies that other MEG Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Crescent Point Energy (CPG), Kelt Exploration (KEL), Athabasca Oil (ATH), NuVista Energy (NVA), Canadian Natural Resources (CNQ), Enerplus (ERF), Cenovus Energy (CVE) and Birchcliff Energy (BIR). What is MEG Energy's stock symbol? MEG Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MEG." How do I buy shares of MEG Energy? Shares of MEG and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. What is MEG Energy's stock price today? One share of MEG stock can currently be purchased for approximately C$17.22. How much money does MEG Energy make? MEG Energy (TSE:MEG) has a market capitalization of C$5.29 billion and generates C$4.94 billion in revenue each year. How many employees does MEG Energy have? MEG Energy employs 411 workers across the globe. How can I contact MEG Energy? MEG Energy's mailing address is 520 3 Ave SW 8th Floor, CALGARY, AB T2P 0R3, Canada. The official website for MEG Energy is www.megenergy.com. The company can be reached via phone at +1-403-7700446. This page (TSE:MEG) was last updated on 7/7/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. 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 Risk-Free Trial Subscription Here Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. MarketBeat Resources Premium Research Tools MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Discover All Access Market Data and Calendars Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free. View Market Data Investing Education and Resources Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. Financial Terms Details Here
