MEG Energy Corp Company Profile (TSE:MEG)

About MEG Energy Corp

MEG Energy Corp logoMEG Energy Corp. (MEG) is an oil sands company. The Company is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has two commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project. MEG also holds interest in the Access Pipeline.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Exchange: TSE
  • Symbol: MEG
  • CUSIP:
Key Metrics:
  • Previous Close: $5.96
  • 50 Day Moving Average: $5.64
  • 200 Day Moving Average: $6.19
  • 52-Week Range: C$3.46 - C$13.15
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.00
  • Market Cap: $1.36B
  • Outstanding Shares: 226,356,000
Additional Links:

Analyst Ratings

Consensus Ratings for MEG Energy Corp (TSE:MEG) (?)
Ratings Breakdown: 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: C$9.45

Analysts' Ratings History for MEG Energy Corp (TSE:MEG)
Show:
DateFirmActionRatingPrice TargetDetails
9/28/2016FirstEnergy CapitalDowngradeOutperform -> Market PerformView Rating Details
9/29/2016Royal Bank Of CanadaReiterated RatingOutperformC$11.00View Rating Details
7/29/2016TD SecuritiesBoost Price TargetSpeculative BuyC$9.50 -> C$10.00View Rating Details
7/29/2016ScotiabankReiterated RatingOutperformC$12.00View Rating Details
7/14/2016Barclays PLCBoost Price TargetC$6.00 -> C$7.00View Rating Details
6/28/2016DesjardinsSet Price TargetC$8.00View Rating Details
6/13/2016Morgan StanleyBoost Price TargetC$8.00 -> C$9.00View Rating Details
6/6/2016Raymond James Financial Inc.Set Price TargetC$10.00View Rating Details
4/29/2016AltaCorp CapitalDowngradeOutperform -> Sector PerformView Rating Details
4/25/2016CIBCInitiated CoverageSector PerformC$9.50View Rating Details
2/4/2016National Bank FinancialDowngradeSector Perform Market Weight -> Underperform Market WeightView Rating Details
1/21/2016NomuraLower Price TargetC$15.00 -> C$6.00View Rating Details
10/21/2014Seaport Global SecuritiesLower Price TargetBuyC$45.00 -> C$38.00View Rating Details
(Data available from 9/30/2014 forward)

Earnings

Earnings History for MEG Energy Corp (TSE:MEG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
7/28/2015Q2($0.12)$0.23ViewListenView Earnings Details
7/31/2014$0.48$0.49ViewN/AView Earnings Details
5/1/2014$0.28$0.18ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MEG Energy Corp (TSE:MEG)
Current Year EPS Consensus Estimate: $-1.54 EPS

Dividends

Dividend History for MEG Energy Corp (TSE:MEG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for MEG Energy Corp (TSE:MEG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/7/2016Stephen R DiotteInsiderSell3,100C$6.69C$20,739.00
1/14/2016John Garry MccoshenInsiderBuy2,100C$4.97C$10,437.00
1/13/2016Eric Lloyd ToewsInsiderBuy20,000C$4.99C$99,800.00
12/21/2015Stephen R DiotteInsiderBuy100C$7.78C$778.00
12/17/2015Chi-Tak YeeInsiderBuy1,000C$7.50C$7,500.00
10/7/2015John Martin RogersInsiderBuy20,000C$12.00C$240,000.00
10/6/2015John Martin RogersInsiderBuy15,000C$10.31C$154,650.00
10/5/2015Stephen R DiotteInsiderSell1,017C$10.13C$10,302.21
9/16/2015Eric Lloyd ToewsInsiderBuy5,050C$8.61C$43,455.25
9/9/2015Chi-Tak YeeInsiderBuy1,000C$8.82C$8,815.00
7/7/2015Stephen R DiotteInsiderSell1,000C$19.29C$19,290.00
12/1/2014Arnold Boyd AndersonDirectorBuy5,000C$18.77C$93,850.00
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for MEG Energy Corp (TSE:MEG)
DateHeadline
capitalcube.com logoMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : September 30, 2016 (TSE:MEG)
www.capitalcube.com - September 30 at 11:18 AM
investing.com logoCanada shares higher at close of trade; S&P/TSX Composite up 0.16% - Investing.com UK (TSE:MEG)
uk.investing.com - September 29 at 6:02 PM
investing.com logoCanada shares higher at close of trade; S&P/TSX Composite up 1.19% - Investing.com UK (TSE:MEG)
uk.investing.com - September 28 at 5:51 PM
News IconMEG ENERGY CORPORATION (OTCMKTS:MEGEF) Shorted Shares Increased By 2.87% - Post News (TSE:MEG)
www.kentuckypostnews.com - September 23 at 5:44 PM
News IconWhat Next for MEG Energy Corp Stock After Today's Huge Decline? - Post News (TSE:MEG)
www.kentuckypostnews.com - September 23 at 5:44 PM
News IconRaymond James Analysts Give Slate Retail REIT (SRT.UN) a C ... - DailyQuint (TSE:MEG)
dailyquint.com - September 21 at 5:48 PM
finance.yahoo.com logoAntler Hill Announces Qualifying Transaction - Yahoo Finance (TSE:MEG)
finance.yahoo.com - September 21 at 5:48 PM
News IconMEG Energy Corp (MEG) Given a C$10.00 Price Target by Raymond James Analysts - DailyQuint (TSE:MEG)
dailyquint.com - September 21 at 5:48 PM
News IconMEG Energy Corp insider Purchases C$154650.00 in Stock (MEG) - Petro Global News 24 (TSE:MEG)
petroglobalnews24.com - September 21 at 5:48 PM
capitalcube.com logoETF’s with exposure to MEG Energy Corp. : September 20, 2016 (TSE:MEG)
www.capitalcube.com - September 20 at 11:15 AM
marketwired.com logoAntler Hill Announces Qualifying Transaction - Marketwired (press release) (TSE:MEG)
www.marketwired.com - September 19 at 6:05 PM
News IconCould MEG Energy Corp Recover After Today's Gap Down? - Post News (TSE:MEG)
www.kentuckypostnews.com - September 18 at 5:45 PM
News IconIs MEG Energy Corp a Sell? The Stock Declines Again - Frisco Fastball (TSE:MEG)
friscofastball.com - September 14 at 6:11 PM
capitalcube.com logoMEG Energy Corp. – Value Analysis (TORONTO:MEG) : September 12, 2016 (TSE:MEG)
www.capitalcube.com - September 12 at 5:53 PM
News IconWall Street, TSX rise modestly with gold miners as oil weighs (TSE:MEG)
www.crcconnection.com - September 12 at 10:46 AM
News IconCanadian Oil Drilling Is Set To See Worst Year On Record - Huffington Post Canada (TSE:MEG)
www.huffingtonpost.ca - September 9 at 5:51 PM
capitalcube.com logoMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : September 9, 2016 (TSE:MEG)
www.capitalcube.com - September 9 at 10:48 AM
capitalcube.com logoETF’s with exposure to MEG Energy Corp. : September 8, 2016 (TSE:MEG)
www.capitalcube.com - September 8 at 5:54 PM
News IconNorth American stock markets, Canadian dollar and crude oil prices down - Cosumnes Connection (subscription) (TSE:MEG)
www.crcconnection.com - September 8 at 9:57 AM
bizjournals.com logoFormer top Cheniere exec joins old boss at new LNG company - Houston Business Journal (TSE:MEG)
www.bizjournals.com - September 2 at 3:25 PM
News IconToronto stock market down after disappointing GDP data, low oil prices - Vancouver Sun (TSE:MEG)
www.vancouversun.com - September 2 at 3:25 PM
News IconTSX falls with oil, but notches 0.1 pct gain in August (TSE:MEG)
magseriesusa.net - September 2 at 10:54 AM
News IconStock markets, Canadian dollar and crude oil prices drop (TSE:MEG)
www.investmentexecutive.com - September 2 at 10:54 AM
News IconToronto stock market down after disappointing GDP data, low oil prices - MetroNews Canada (TSE:MEG)
www.metronews.ca - September 1 at 9:13 AM
latimes.com logoProspects for sale of stake in Paramount wither - Los Angeles Times (TSE:MEG)
www.latimes.com - September 1 at 9:13 AM
News IconFormer Cheniere exec joins Charif Souki at Tellurian as CEO (TSE:MEG)
fuelfix.com - August 31 at 10:58 AM
News IconPeople -- Williams, Cheniere - Natural Gas Intelligence (TSE:MEG)
www.naturalgasintel.com - August 30 at 6:05 PM
live-pr.com logoMEG Energy Corp. (MEG) - Financial and Strategic SWOT Analysis Review - New Study Released (TSE:MEG)
www.live-pr.com - August 26 at 9:05 AM
capitalcube.com logoETF’s with exposure to MEG Energy Corp. : August 22, 2016 (TSE:MEG)
www.capitalcube.com - August 22 at 6:09 PM
News IconSolar and utility company disagree on energy amendment (TSE:MEG)
weartv.com - August 20 at 10:14 AM
capitalcube.com logoMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : August 19, 2016 (TSE:MEG)
www.capitalcube.com - August 19 at 9:10 AM
News IconCharts: Improved Q2 oilsands netbacks overshadowed by Fort McMurray wildfire impact (TSE:MEG)
www.jwnenergy.com - August 17 at 9:12 AM
ftsenews.co.uk logoMEG ENERGY CORP (MEGEF) Updated Price Targets - FTSE News (TSE:MEG)
www.ftsenews.co.uk - August 4 at 9:17 AM
reuters.com logoBRIEF-Meg energy production of 83127 BPD in q2 of 2016 - Reuters (TSE:MEG)
www.reuters.com - July 30 at 8:58 AM
oilvoice.com logoMEG Energy announces second quarter results - OilVoice (TSE:MEG)
www.oilvoice.com - July 30 at 8:58 AM
seekingalpha.com logoMEG Energy: What To Look For In Q2 Earnings - Seeking Alpha (TSE:MEG)
seekingalpha.com - July 30 at 8:58 AM
oilvoice.com logoMEG Energy announces second quarter results (TSE:MEG)
www.oilvoice.com - July 28 at 6:22 PM
seekingalpha.com logoMEG Energy's (MEGEF) CEO Bill McCaffrey on Q2 2016 Results - Earnings Call Transcript (TSE:MEG)
seekingalpha.com - July 28 at 6:22 PM
reuters.com logoBRIEF-Meg energy production of 83,127 BPD in q2 of 2016 (TSE:MEG)
www.reuters.com - July 28 at 9:22 AM
marketwatch.com logoMEG Energy reports record-high first half production and record low operating costs (TSE:MEG)
www.marketwatch.com - July 28 at 9:22 AM
biz.yahoo.com logoQ2 2016 MEG Energy Corp Earnings Release - Before Market Open (TSE:MEG)
biz.yahoo.com - July 28 at 7:07 AM
capitalcube.com logoMEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : July 25, 2016 (TSE:MEG)
www.capitalcube.com - July 25 at 8:42 AM
stockhouse.com logoMeg Energy Corp. T.MEG (TSE:MEG)
www.stockhouse.com - July 24 at 10:25 AM
News IconWhat Next for MEG Energy Corp Stock After Today's Huge Decline? - Consumer Eagle (TSE:MEG)
www.consumereagle.com - July 21 at 9:00 AM
theglobeandmail.com logoThis energy stock is a long-term option on oil recovery (TSE:MEG)
www.theglobeandmail.com - July 19 at 6:16 PM
fiscalstandard.com logoMEG ENERGY CORP (MEGEF) Broker Price Targets For The Coming Week - Fiscal Standard (TSE:MEG)
www.fiscalstandard.com - July 18 at 11:25 AM
breakingfinancenews.com logoA statement released earlier today by TD Securities about MEG Energy(TSE:MEG) bumps the target price to $10 - Breaking Finance News (TSE:MEG)
breakingfinancenews.com - July 16 at 5:47 PM
News IconToronto: MEG Energy (TSE:MEG)'s Stock Had Its "Speculative Buy" Rating Restated at TD Securities in Report Issued ... - Consumer Eagle (TSE:MEG)
www.consumereagle.com - July 16 at 9:29 AM
News IconYedlin: Oilpatch transactions are starting to gain momentum (TSE:MEG)
calgaryherald.com - July 15 at 5:11 PM
msn.com logoUPDATE 3-Devon sells Alberta pipeline stake to CPPIB-backed company (TSE:MEG)
www.msn.com - July 15 at 5:11 PM

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MEG Energy Corp (TSE:MEG) Chart for Friday, September, 30, 2016


Last Updated on 9/30/2016 by MarketBeat.com Staff