TSE:MEG - MEG Energy Stock Price, Forecast & News

MEG Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MEG."

MEG Energy Corp (TSE:MEG) released its quarterly earnings data on Wednesday, October, 30th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by $0.06. The company had revenue of $942 million for the quarter, compared to analyst estimates of $791.28 million. View MEG Energy's Earnings History.

MEG Energy is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for MEG Energy.

10 brokers have issued 12 month price objectives for MEG Energy's shares. Their forecasts range from C$5.00 to C$8.00. On average, they expect MEG Energy's share price to reach C$6.85 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Price Targets for MEG Energy.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MEG Energy.

Media stories about MEG stock have trended very positive on Saturday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. MEG Energy earned a news sentiment score of 3.6 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for MEG Energy.

Some companies that are related to MEG Energy include Beach Energy (BPT), Vermilion Energy (VET), Linamar (LNR), Crescent Point Energy (CPG), Cairn Energy (CNE), Paramount Resources (POU), Cooper Energy (COE), Hurricane Energy (HUR), Seplat Petroleum Development (SEPL), Mainstreet Equity (MEQ), Karoon Energy (KAR), Nuvista Energy (NVA), Genel Energy (GENL), Carnarvon Petroleum (CVN) and Gran Tierra Energy (GTE).

Based on aggregate information from My MarketBeat watchlists, some companies that other MEG Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Athabasca Oil (ATH), First Quantum Minerals (FM), Crescent Point Energy (CPG), Enerplus (ERF), Kelt Exploration (KEL), Birchcliff Energy (BIR), Trican Well Service (TCW) and Concordia International (CXRX).

Shares of MEG and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

One share of MEG stock can currently be purchased for approximately C$6.29.

MEG Energy has a market capitalization of C$1.88 billion and generates C$3.46 billion in revenue each year. MEG Energy employs 510 workers across the globe.View Additional Information About MEG Energy.

The official website for MEG Energy is http://www.megenergy.com/.

MEG Energy's mailing address is 520 3 Ave SW 8th Floor, CALGARY, AB T2P 0R3, Canada. The company can be reached via phone at +1-403-7700446.