TSE:MEG

MEG Energy (MEG) Stock Forecast, Price & News

C$26.65

+0.95 (+3.70%)

(As of 09/27/2023 ET)

Compare

Today's Range: C$26.10
▼
C$26.85
50-Day Range: C$22.67
▼
C$26.65
52-Week Range: C$14.71
▼
C$26.85

Volume: 2.54 million shs
Average Volume: 2.07 million shs
Market Capitalization: C$7.61 billion

P/E Ratio: 15.06
Dividend Yield: N/A
Price Target: C$24.83

Profile Analyst Ratings Chart Competitors Earnings Insider Trades Headlines Social Media

MEG Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 6.8% Downside
C$24.83 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.19
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.42 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
MEG Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$24.83, MEG Energy has a forecasted downside of 6.8% from its current price of C$26.65.
Amount of Analyst Coverage
MEG Energy has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MEG.

0.0

Dividend Strength

Dividend Yield
MEG Energy does not currently pay a dividend.
Dividend Growth
MEG Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEG.

2.3

News and Social Media Coverage

News Sentiment
MEG Energy has a news sentiment score of 0.19. 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 lower news sentiment than the 0.52 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for MEG Energy this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for MEG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
4 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MEG Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.54% of the stock of MEG Energy is held by insiders.
Percentage Held by Institutions
Only 35.47% of the stock of MEG Energy is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MEG Energy is 15.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of MEG Energy is 15.06, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 115.43.
Price to Earnings Growth Ratio
MEG Energy has a PEG Ratio of 0.17. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
MEG Energy has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MEG Energy (TSE:MEG) 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 develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. It also transports and sells thermal oil in North America and internationally. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada.

MEG Price History

30 days | 90 days | 365 days | Advanced Chart

MEG Stock News Headlines

September 27, 2023 | msn.com

Fremantle Dockers slammed for signing new sponsorship deal with Woodside Energy

September 22, 2023 | msn.com

Meg Ryan, Inventor of Fall, Just Wore the Most Simple Autumn Outfit Ever

September 27, 2023 | Weiss Ratings (Ad)

Overlooked AI Stock Gets Urgent "Buy"

We issued our first "Buy" rating on Apple when it traded at the equivalent of 56 cents per share. It's up 32,571% since. And while Nvidia is up 3x this year… We called it back in 2011. And it has surged 97x (9,624% to be exact) since then. Now, our Weiss Ratings has issued a "Buy" on a stock that's leading the AI revolution in one of the most profitable industries.

September 22, 2023 | theglobeandmail.com

MEG Energy: Top 10 Undervalued Growth Stocks on TSX (MEG)

September 20, 2023 | msn.com

Best Power Supply Units (PSUs) For Gaming Rigs In 2023

September 16, 2023 | msn.com

Kenya is most stable democracy in Africa - Meg Whitman

September 14, 2023 | baystreet.ca

TSX Pops by Noon

September 14, 2023 | theglobeandmail.com

Big Gains for TSX in First Hour

September 27, 2023 | Weiss Ratings (Ad)

Overlooked AI Stock Gets Urgent "Buy"

September 14, 2023 | msn.com

Woodside Energy commences production from Shenzi North project

September 13, 2023 | msn.com

Pep talk: 23 foods and drinks you didn’t know contain caffeine

September 12, 2023 | afr.com

Oil and gas lobby group rebrands – just don’t mention petroleum

September 7, 2023 | cbsnews.com

Heat wave endangers millions across U.S., closing schools and prompting energy concerns

September 6, 2023 | msn.com

Meg 2's Suyin Reveal Completely Changes The Franchise's Future

September 5, 2023 | msn.com

Exclusive-Canada oil sands carbon capture project struggles to get key contract

August 31, 2023 | mirror.co.uk

Meg Ryan 'looks very different' as fans are thrilled over rom-com comeback in new film

August 31, 2023 | msn.com

Make your home more environmentally sustainable even if you’re renting

August 31, 2023 | msn.com

Woodside gets regulatory approval for $7.2bn Mexican offshore oil project

August 25, 2023 | msn.com

TSX Today: Why Canadian Stocks Could Rise on Friday, August 25

August 23, 2023 | msn.com

Canada steps up pace of oil production growth, seen rising 8% in two years

August 6, 2023 | msn.com

Meg 2: Every Reason the Creature Feature Received One of the Worst Rotten Tomatoes Scores of All Time

July 28, 2023 | msn.com

Meg Energy GAAP EPS of C$0.47, revenue of C$1.29B

July 17, 2023 | msn.com

MEG Energy: Why I'm Taking A Pass

July 16, 2023 | msn.com

Opinion: Albertans need to wise up to the energy problems we're facing

July 3, 2023 | uk.movies.yahoo.com

Emmerdale stars remember Meg Johnson as ‘beautiful woman inside and out’

July 2, 2023 | finance.yahoo.com

retail investors who own 56% along with institutions invested in MEG Energy Corp. (TSE:MEG) saw increase in their holdings value last week

June 28, 2023 | cnbc.com

Fund manager makes bold call that oil prices will double, picks stocks to cash in

See More Headlines

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MEG Company Calendar

Last Earnings: 7/27/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/08/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:MEG
CUSIP: N/A
CIK: N/A
Web: www.megenergy.com
Phone: +1-403-7700446
Fax: N/A
Employees: 429
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$24.83
High Stock Price Forecast: C$27.00
Low Stock Price Forecast: C$21.00
Forecasted Upside/Downside: -7.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.77
Trailing P/E Ratio: 15.11
Forward P/E Ratio: 10.27
P/E Growth: 0.17
Net Income: C$532 million
Net Margins: 9.19%
Pretax Margin: N/A
Return on Equity: 12.12%
Return on Assets: 8.28%

Debt

Debt-to-Equity Ratio: 36.43
Current Ratio: 1.43
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: C$5.79 billion
Price / Sales: 1.32
Cash Flow: C$0.91 per share
Price / Cash Flow: 29.38
Book Value: C$15.55 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 285,400,000
Free Float: N/A
Market Cap: C$7.63 billion
Optionable: Not Optionable
Beta: 2.75

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Key Executives

Mr. Derek W. Evans B.Sc. (Age 66)
P. Eng., Pres, CEO & Director
Comp: $1.59M

Mr. Ryan M. Kubik C.A. (Age 55)
CA, CFA, Chief Financial Officer
Comp: $1.02M

Ms. Darlene M. Gates
Chief Operating Officer

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

Mr. Thomas R. Gear
VP of Operations

Ms. Helen Kelly MBA
Director of Investor Relations

Mr. David Michael Granger
Sr. VP of HR

Key Competitors

View All Competitors

Insiders

Erik Alexander Alson
Sold 28,786 shares
Total: C$533,116.72 ($18.52/share)

View All Insider Transactions

MEG Stock - Frequently Asked Questions

Should I buy or sell MEG Energy stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MEG shares.
View MEG analyst ratings or view top-rated stocks.
What is MEG Energy's stock price forecast for 2023?: 6 brokers have issued 12 month price targets for MEG Energy's shares. Their MEG share price forecasts range from C$21.00 to C$27.00. On average, they predict the company's stock price to reach C$24.83 in the next year. This suggests that the stock has a possible downside of 7.1%.
View analysts price targets for MEG or view top-rated stocks among Wall Street analysts.
How have MEG shares performed in 2023?: MEG Energy's stock was trading at C$18.85 on January 1st, 2023. Since then, MEG shares have increased by 41.9% and is now trading at C$26.74.
View the best growth stocks for 2023 here.
When is MEG Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our MEG earnings forecast.
How were MEG Energy's earnings last quarter?: MEG Energy Corp. (TSE:MEG) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.12. The company earned $1.29 billion during the quarter, compared to the consensus estimate of $1.16 billion. MEG Energy had a trailing twelve-month return on equity of 12.12% and a net margin of 9.19%.
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 stock 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$26.74.
How much money does MEG Energy make?: MEG Energy (TSE:MEG) has a market capitalization of C$7.63 billion and generates C$5.79 billion in revenue each year. The company earns C$532 million in net income (profit) each year or C$1.77 on an earnings per share basis.
How many employees does MEG Energy have?: The company employs 429 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 the company is www.megenergy.com. The company can be reached via phone at +1-403-7700446.

This page (TSE:MEG) was last updated on 9/27/2023 by MarketBeat.com Staff

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MEG Energy (MEG) Stock Forecast, Price & News

MEG Energy MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MEG Energy (TSE:MEG) Stock

MEG Price History

MEG Stock News Headlines

MEG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MEG Stock - Frequently Asked Questions

Overall MarketRank^™