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MSFT   312.79 (+0.21%)
META   297.74 (-0.41%)
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AMD   98.07 (+2.20%)
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PYPL   57.34 (-2.70%)
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NVDA   424.68 (+1.33%)
NIO   8.47 (+0.71%)
BABA   86.19 (+0.33%)
AMD   98.07 (+2.20%)
T   14.88 (-0.93%)
F   12.39 (-0.32%)
MU   68.21 (+0.40%)
CGC   0.89 (-3.26%)
GE   110.85 (+0.84%)
DIS   79.89 (-0.20%)
AMC   7.57 (-4.30%)
PFE   32.11 (-0.93%)
PYPL   57.34 (-2.70%)
NFLX   377.59 (-0.44%)
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

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
0.19mentions of MEG Energy in the last 14 days
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


MEG stock logo

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

MEG Stock News Headlines

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.
MEG Energy: Top 10 Undervalued Growth Stocks on TSX (MEG)
TSX Pops by Noon
Big Gains for TSX in First Hour
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.
MEG Energy: Why I'm Taking A Pass
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

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
Sector
Energy
CIK
N/A
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

Net Income
C$532 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.79 billion
Cash Flow
C$0.91 per share
Book Value
C$15.55 per share

Miscellaneous

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













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?
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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