TSE:MEG MEG Energy (MEG) Stock Price, News & Analysis → My next big prediction isn’t a prediction (From Porter & Company) (Ad) Free MEG Stock Alerts C$30.35 +0.21 (+0.70%) (As of 03/18/2024 ET) Add Compare Share Share Today's RangeC$30.09▼C$30.6450-Day RangeC$23.10▼C$30.3552-Week RangeC$18.40▼C$30.64Volume1.60 million shsAverage Volume2.02 million shsMarket CapitalizationC$8.26 billionP/E Ratio15.33Dividend Yield3.14%Price TargetC$30.09 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider Trades Get MEG Energy alerts: Email Address MEG Energy MarketRank™ Stock AnalysisAnalyst RatingHold2.30 Rating ScoreUpside/Downside0.9% DownsideC$30.09 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.00Based on 6 Articles This WeekInsider TradingSelling SharesC$6.79 M Sold Last QuarterProj. 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.2.52 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 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$30.09, MEG Energy has a forecasted downside of 0.9% from its current price of C$30.35.Amount of Analyst CoverageMEG Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 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. 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 1.00. 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 6 news articles for MEG Energy this week, compared to 2 articles on an average week.Search InterestOnly 3 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 Follows8 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$6,788,248.00 in company stock.Percentage Held by InsidersOnly 0.57% of the stock of MEG Energy is held by insiders.Percentage Held by Institutions42.81% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 15.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.04.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 15.33, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.26.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 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceThey said crypto was dead. It went up 100X.Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. 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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 HeadlinesMarch 11, 2024 | insidertrades.comInsider Selling: MEG Energy Corp. (TSE:MEG) Director Sells 234,562 Shares of StockMarch 18, 2024 | reuters.comBig Oil executives push back against calls for fast energy transitionMarch 18, 2024 | Colonial Metals (Ad)Central Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.March 15, 2024 | msn.comCebu-based paint maker expands solar energy capacityMarch 13, 2024 | americanbankingnews.comMEG Energy (TSE:MEG) Price Target Increased to C$34.00 by Analysts at JPMorgan Chase & Co.March 10, 2024 | americanbankingnews.comDerek Watson Evans Sells 234,562 Shares of MEG Energy Corp. (TSE:MEG) StockMarch 2, 2024 | finance.yahoo.comMEG Energy Full Year 2023 Earnings: EPS Misses ExpectationsMarch 1, 2024 | msn.comTrans Mountain plans to fill pipeline extension in April, MEG Energy CEO saysMarch 18, 2024 | Paradigm Press (Ad)8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)THIS cryptocurrency has gained 40% in 6 months. A crypto millionaire who has researched the space for a decade says it will go up 8,788% in 5 years. The name of this cryptocurrency is revealed right here: March 1, 2024 | ca.finance.yahoo.comMEG Energy says Canada's Trans Mountain to start line fill from AprilMarch 1, 2024 | msn.comMeg Ryan is oh so chic in checked blazer at the Loewe PFW showMarch 1, 2024 | finance.yahoo.comTrudeau’s Long-Delayed Oil Pipeline Seeks First Crude DeliveriesMarch 1, 2024 | bloomberg.comMEG’s Gates to Become Sole Female CEO in Oil-Sands IndustryMarch 1, 2024 | finance.yahoo.comMEG’s Gates to Become Oil-Sands Industry’s Sole Female CEOFebruary 29, 2024 | marketwatch.comMEG Energy Taps Operating Chief As Next CEOFebruary 29, 2024 | msn.comMEG Energy President/CEO Evans set to depart, succeeded by GatesFebruary 29, 2024 | msn.comMontrose Environmental Non-GAAP EPS of $0.27 beats by $0.17, revenue of $165.7M beats by $5.51MFebruary 28, 2024 | msn.comTrans Mountain says pipe removed from final expansion section, ensuring Q2 startFebruary 28, 2024 | oilprice.comThis Could Be A Gamechanger For Natural Gas In EuropeFebruary 28, 2024 | msn.comWoodside finalises LNG supply deal with Korea GasFebruary 28, 2024 | morningstar.comMEG Energy CorpFebruary 27, 2024 | msn.comWoodside Energy profits fall by $US3.3 billion despite record productionFebruary 27, 2024 | oilprice.comWoodside Energy Expects a 50% Increase in LNG Demand by 2034February 26, 2024 | afr.comWoodside Energy profits slide as write-offs hit and prices sagFebruary 26, 2024 | msn.comWoodside under the pump as profit falls on lower pricesFebruary 25, 2024 | fortune.comWith AI forcing data centers to consume more energy, software that hunts for clean electricity across the globe gains currencyFebruary 23, 2024 | bizjournals.comColorado bills aim to cut ozone pollution, the state's oil industry says it feels threatenedSee 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 Earnings2/29/2024Today3/18/2024Next Earnings (Estimated)5/06/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas E&P Sub-IndustryN/A Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees449Year FoundedN/APrice Target and Rating Average Stock Price TargetC$30.09 High Stock Price TargetC$35.00 Low Stock Price TargetC$23.00 Potential Upside/Downside-0.9%Consensus RatingHold Rating Score (0-4)2.30 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$1.98 Trailing P/E Ratio15.33 Forward P/E Ratio13.08 P/E Growth0.17Net IncomeC$569 million Net Margins10.06% Pretax MarginN/A Return on Equity12.77% Return on Assets7.94% Debt Debt-to-Equity Ratio30.55 Current Ratio1.48 Quick Ratio1.17 Sales & Book Value Annual SalesC$5.65 billion Price / Sales1.46 Cash FlowC$1.03 per share Price / Cash Flow29.38 Book ValueC$16.48 per share Price / Book1.84Miscellaneous Outstanding Shares272,100,000Free FloatN/AMarket CapC$8.26 billion OptionableNot Optionable Beta3.16 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Derek W. Evans B.Sc. (Age 67)P. Eng., President, CEO & Director Comp: $1.59MMr. Ryan M. Kubik C.A. (Age 56)CPA, CFA, Chief Financial Officer Comp: $1.02MMs. 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 ResourcesMore ExecutivesKey CompetitorsCrescent Point EnergyTSE:CPGPrairieSky RoyaltyTSE:PSKWhitecap ResourcesTSE:WCPStrathcona ResourcesTSE:SCREnerplusTSE:ERFView All CompetitorsInsidersDerek Watson EvansSold 234,562 sharesTotal: C$6.79 M ($28.94/share)View All Insider Transactions MEG Stock Analysis - Frequently Asked Questions Should I buy or sell MEG Energy stock right now? 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEG, but not buy additional shares or sell existing shares. View MEG analyst ratings or view top-rated stocks. What is MEG Energy's stock price target for 2024? 10 brokers have issued twelve-month target prices for MEG Energy's stock. Their MEG share price targets range from C$23.00 to C$35.00. On average, they predict the company's share price to reach C$30.09 in the next year. This suggests that the stock has a possible downside of 0.9%. View analysts price targets for MEG or view top-rated stocks among Wall Street analysts. How have MEG shares performed in 2024? MEG Energy's stock was trading at C$23.67 at the beginning of the year. Since then, MEG shares have increased by 28.2% and is now trading at C$30.35. View the best growth stocks for 2024 here. When is MEG Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. View our MEG earnings forecast. How were MEG Energy's earnings last quarter? MEG Energy Corp. (TSE:MEG) issued its earnings results on Thursday, February, 29th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.59 by $0.22. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.40 billion. MEG Energy had a net margin of 10.06% and a trailing twelve-month return on equity of 12.77%. 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). 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. This page (TSE:MEG) was last updated on 3/18/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressLike Tiny Crypto Retirement FundsCrypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceDid you make $29,000 two days with AI options trades?Prosper Trading AcademyForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingThe world’s greatest investmentPorter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MEG Energy Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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