TSE:MEG MEG Energy (MEG) Stock Price, News & Analysis C$27.91 +0.41 (+1.49%) (As of 07/26/2024 ET) Add Compare Share Share Today's RangeC$26.88▼C$28.0550-Day RangeC$27.33▼C$30.5252-Week RangeC$22.59▼C$33.70Volume1.19 million shsAverage Volume1.71 million shsMarket CapitalizationC$7.61 billionP/E Ratio13.55Dividend Yield3.14%Price TargetC$33.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider Trades Get MEG Energy alerts: Email Address MEG Energy MarketRank™ Stock AnalysisAnalyst RatingHold2.45 Rating ScoreUpside/Downside18.5% UpsideC$33.08 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.90Based on 8 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.31 out of 5 stars 2.2 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageMEG Energy has only been the subject of 3 research reports in the past 90 days.Read more about MEG Energy's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MEG. Previous Next 0.8 Dividend Strength Dividend YieldMEG Energy pays a meaningful dividend of 3.14%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMEG Energy does not have a long track record of dividend growth.Read more about MEG Energy's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEG. Previous Next 3.3 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 0.90. 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 higher news sentiment than the 0.43 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 8 news articles for MEG Energy this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for MEG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows2 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.32% of the stock of MEG Energy is held by insiders.Percentage Held by Institutions41.38% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about MEG Energy's insider trading history. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 13.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 13.55, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 205.85.Price to Earnings Growth RatioMEG 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 RatioMEG Energy has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about MEG Energy's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agency5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.Click here to pay just $5 for a full year of Stealth Trades About MEG Energy Stock (TSE:MEG)MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project 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. The company was incorporated in 1999 and is headquartered in Calgary, Canada.Read More MEG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEG Stock News HeadlinesJuly 26 at 11:02 AM | msn.comMEG Energy workers returning to oilsands site after wildfire evacuationJuly 26 at 5:40 AM | americanbankingnews.comMEG Energy (TSE:MEG) Stock Price Passes Below 200-Day Moving Average of $28.59July 26, 2024 | American Hartford Gold Group (Ad)Prepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 24 at 6:29 AM | bbc.co.ukMeg Jones brings the heat with her high-energy workout mixJuly 23 at 5:11 AM | americanbankingnews.comMEG Energy (MEG) Set to Announce Earnings on ThursdayJuly 21, 2024 | finance.yahoo.comMEG Energy Maintains Steady Production Amid Regional Wildfires, Prioritizes SafetyJuly 21, 2024 | msn.com'A dream of striking it big': Woodside CEO discusses the story of Woodside EnergyJuly 19, 2024 | financialpost.comMEG Energy, Imperial and CNRL on alert as hot weather inflames nearby wildfiresJuly 26, 2024 | American Hartford Gold Group (Ad)Prepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 17, 2024 | americanbankingnews.comMEG Energy (TSE:MEG) Price Target Cut to C$32.00May 24, 2024 | finance.yahoo.comInstitutions along with individual investors who hold considerable shares inMEG Energy Corp. (TSE:MEG) come under pressure; lose 3.6% of holdings valueMay 8, 2024 | finance.yahoo.comMEG Energy First Quarter 2024 Earnings: Misses ExpectationsMay 7, 2024 | msn.comMEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'May 7, 2024 | finance.yahoo.comMEG Energy Maintained at Buy at TPH Following First-Quarter Results; Price Target at C$40.00May 6, 2024 | markets.businessinsider.comMaintaining Hold on MEG Energy: Balancing Operational Strength with Valuation ConcernsMay 3, 2024 | msn.comOn housing and energy, Healey’s big plans collide with local resistanceMay 3, 2024 | msn.comLeviste scion gains foothold in ABS-CBNMay 2, 2024 | msn.com9 Things You Should Always Buy at Estate Sales, According to DesignersSee More Headlines Receive MEG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/06/2024Today7/26/2024Next Earnings (Estimated)11/04/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas E&P Sub-IndustryBusiness Services Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees2,500Year FoundedN/APrice Target and Rating Average Stock Price TargetC$33.08 High Stock Price TargetC$39.00 Low Stock Price TargetC$23.00 Potential Upside/Downside+18.5%Consensus RatingHold Rating Score (0-4)2.45 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.06 Trailing P/E Ratio13.55 Forward P/E Ratio11.39 P/E Growth0.17Net IncomeC$586 million Net Margins10.58% Pretax MarginN/A Return on Equity13.20% Return on Assets8.47% Debt Debt-to-Equity Ratio28.18 Current Ratio1.41 Quick Ratio1.17 Sales & Book Value Annual SalesC$5.54 billion Price / Sales1.37 Cash FlowC$0.95 per share Price / Cash Flow29.38 Book ValueC$16.56 per share Price / Book1.69Miscellaneous Outstanding Shares272,600,000Free FloatN/AMarket CapC$7.61 billion OptionableNot Optionable Beta3.12 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Derek W. Evans B.Sc. (Age 67)P. Eng., President, CEO & Director Comp: $1.59MMs. Darlene M. GatesChief Operating OfficerMr. Lyle S. YuzdepskiSenior VP of Legal, General Counsel & Corporate SecretaryMr. Thomas R. GearVice President of OperationsMr. David Michael GrangerSenior Vice President of Human ResourcesKey CompetitorsGFL EnvironmentalTSE:GFLStantecTSE:STNNuveiTSE:NVEIChorus AviationTSE:CHRMidas Gold Corp. (MAX.TO)TSE:MAXView All CompetitorsInsidersDavid Michael GrangerSold 32,144 sharesTotal: C$979,504.83 ($30.47/share)Gary BosgoedSold 445 sharesTotal: C$13,456.80 ($30.24/share)Erik Alexander AlsonSold 34,528 sharesTotal: C$1.04 M ($30.24/share)Derek Watson EvansSold 234,562 sharesTotal: C$6.79 M ($28.94/share)View All Insider Transactions MEG Stock Analysis - Frequently Asked Questions How have MEG shares performed this year? MEG Energy's stock was trading at C$23.67 at the beginning of 2024. Since then, MEG stock has increased by 17.9% and is now trading at C$27.91. View the best growth stocks for 2024 here. How were MEG Energy's earnings last quarter? MEG Energy Corp. (TSE:MEG) released its quarterly earnings data on Monday, May, 6th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.09. The firm earned $1.36 billion during the quarter, compared to analysts' expectations of $1.25 billion. MEG Energy had a trailing twelve-month return on equity of 13.20% and a net margin of 10.58%. 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 other stocks do shareholders of MEG Energy own? Based on aggregate information from My MarketBeat watchlists, some other companies that MEG Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Crescent Point Energy (CPG), Kelt Exploration (KEL), Athabasca Oil (ATH), NuVista Energy (NVA) and Canadian Natural Resources (CNQ). This page (TSE:MEG) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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