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: $5.59
  • 50 Day Moving Average: $6.00
  • 200 Day Moving Average: $6.07
  • Trailing P/E Ratio: N/A
  • P/E Growth: -0.05
  • Market Cap: $1.27B
  • Outstanding Shares: 226,356,000
Additional Links:

Analyst Ratings

Consensus Ratings for MEG Energy Corp (TSE:MEG) (?)
Ratings Breakdown: 4 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: C$9.45

Analysts' Ratings History for MEG Energy Corp (TSE:MEG)
Show:
DateFirmActionRatingPrice TargetDetails
8/3/2016FirstEnergy CapitalUpgradeMarket Perform -> OutperformView 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
6/8/2016Royal Bank Of CanadaReiterated RatingOutperformC$11.00View 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 8/27/2014 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: $-1.56 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
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
business.financialpost.com logoStill assets to be had, analysts say, after CPPIB buys Devon’s stake in Access Pipeline (TSE:MEG)
business.financialpost.com - July 15 at 5:11 PM
finance.yahoo.com logoCANADA STOCKS-TSX extends 11-month high as banks cheered by JPMorgan (TSE:MEG)
finance.yahoo.com - July 14 at 4:52 PM
News IconDevon to sell Western Canada pipeline stake to CPPIB (TSE:MEG)
www.hydrocarbonprocessing.com - July 14 at 9:45 AM
nasdaq.com logoDevon Energy Nears Deal to Sell Pipeline Stake to Wolf Infrastructure -Bloomberg (TSE:MEG)
www.nasdaq.com - July 12 at 6:24 PM
theglobeandmail.com logoCPPIB-backed Wolf Infrastructure to buy Devon Energy’s stake in Access Pipeline (TSE:MEG)
www.theglobeandmail.com - July 12 at 6:24 PM
News IconWolf Infrastructure near deal to buy Devon Energy's pipeline stake (TSE:MEG)
calgaryherald.com - July 12 at 6:24 PM
News IconToday MEG Energy Corp Stock Rises - Consumer Eagle (TSE:MEG)
www.consumereagle.com - July 12 at 10:30 AM
News IconHow Analysts Rated MEG Energy Corp (TSE:MEG) Last Week? - Engelwood Daily (TSE:MEG)
www.engelwooddaily.com - July 11 at 10:48 AM
fiscalstandard.com logoNext Weeks Broker Price Targets For MEG ENERGY CORP (MEGEF) - Fiscal Standard (TSE:MEG)
www.fiscalstandard.com - July 10 at 10:23 AM
4-traders.com logoMEG Energy : UPDATE - MEG Energy to release second quarter financial results (TSE:MEG)
www.4-traders.com - July 9 at 9:28 AM
News IconAlberta oil sands producers will eye new projects at $55-$60/b WTI: execs (TSE:MEG)
www.platts.com - July 7 at 9:00 AM
News IconCould MEG Energy Corp Gain Strenght? The Stock Just Gapped Down - Press Telegraph (TSE:MEG)
presstelegraph.com - July 6 at 10:47 AM
capitalcube.com logoMEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : July 6, 2016 (TSE:MEG)
www.capitalcube.com - July 6 at 8:30 AM
News IconHow Analysts Rated MEG Energy Corp (TSE:MEG) Last Week? - Press Telegraph (TSE:MEG)
presstelegraph.com - July 3 at 5:40 PM
fiscalstandard.com logoMEG ENERGY CORP (MEGEF) Current Analyst Ratings - Fiscal Standard (TSE:MEG)
www.fiscalstandard.com - July 1 at 6:08 PM
theglobeandmail.com logoCourt overturns Ottawa’s approval of Northern Gateway pipeline (TSE:MEG)
www.theglobeandmail.com - July 1 at 8:58 AM
breakingfinancenews.com logoDesjardins Securities reported on (TSE:MEG) MEG Energy, bumping up its target price to $8 today (TSE:MEG)
breakingfinancenews.com - June 29 at 8:57 AM
finance.yahoo.com logoMEG Energy provides Annual and Special Meeting voting results (TSE:MEG)
finance.yahoo.com - June 29 at 2:05 AM
nasdaq.com logoToronto Stocks Rebound as Brexit Fallout Eases (TSE:MEG)
www.nasdaq.com - June 28 at 6:01 PM
News IconHow Many MEG Energy Corp (TSE:MEG)'s Analysts Are Bearish? - Engelwood Daily (TSE:MEG)
www.engelwooddaily.com - June 26 at 10:47 AM
fiscalstandard.com logoRecently Issued Stock Ratings For MEG ENERGY CORP (MEGEF) - Fiscal Standard (TSE:MEG)
www.fiscalstandard.com - June 22 at 6:00 PM
capitalcube.com logoMEG Energy Corp. breached its 50 day moving average in a Bullish Manner : MEG-CA : June 20, 2016 (TSE:MEG)
www.capitalcube.com - June 20 at 8:40 AM
fiscalstandard.com logoMEG ENERGY CORP (MEGEF) Analyst Price Targets For The Coming Week - Fiscal Standard (TSE:MEG)
www.fiscalstandard.com - June 20 at 6:53 AM
News IconLarge Inflow of Money Witnessed in CMS Energy Corporation (TSE:MEG)
pallonate.com - June 18 at 10:27 AM
theglobeandmail.com logoCenovus looks to offload office space as oil slump drags on (TSE:MEG)
www.theglobeandmail.com - June 18 at 10:27 AM
News IconValue Stock Buzz: Resolute Energy Corporation (NYSE:REN) (TSE:MEG)
equilibrioinformativo.com - June 17 at 5:59 PM
News IconLoonie declines, stock markets regain some of recent losses (TSE:MEG)
blognotizie.info - June 16 at 6:17 PM

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MEG Energy Corp (TSE:MEG) Chart for Saturday, August, 27, 2016


Last Updated on 8/27/2016 by MarketBeat.com Staff