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AMC   13.74 (+9.31%)
PFE   52.93 (+0.34%)
PYPL   74.34 (+1.50%)
NFLX   188.25 (+2.28%)
TSE:MEG

MEG Energy Stock Forecast, Price & News

C$17.22
+1.45 (+9.19%)
(As of 07/7/2022 11:39 AM ET)
Add
Compare
Today's Range
C$16.65
C$17.46
50-Day Range
C$15.77
C$24.25
52-Week Range
C$6.85
C$24.47
Volume
1.56 million shs
Average Volume
2.93 million shs
Market Capitalization
C$5.29 billion
P/E Ratio
8.28
Dividend Yield
N/A
Price Target
C$21.55

MEG Energy MarketRank™ Forecast

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
25.2% Upside
C$21.55 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.60mentions of MEG Energy in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
C$5.80 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.34 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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MEG Energy 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 owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.

MEG Stock News Headlines

Is the MEG Energy share price too low?
MEG Energy (TSE:MEG) Price Target Raised to C$25.00
MEG Energy (TSE:MEG) Price Target Cut to C$31.00
Stocks Continue Recovery
Gains Grow for TSX
Record Earnings: Should You Buy MEG Energy Now?
See More Headlines

Industry, Sector and Symbol

Industry
Independent Oil & Gas
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
411
Year Founded
N/A

Company Calendar

Last Earnings
5/02/2022
Today
7/07/2022
Next Earnings (Estimated)
7/28/2022

Price Target and Rating

Average Stock Price Forecast
C$21.55
High Stock Price Forecast
C$31.00
Low Stock Price Forecast
C$13.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Hold
Rating Score (0-4)
2.30769230769231
Research Coverage
13 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.94 billion
Cash Flow
C$0.96 per share
Book Value
C$13.58 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.29 billion
Optionable
Not Optionable
Beta
N/A














MEG Energy Frequently Asked Questions

Should I buy or sell MEG Energy stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MEG Energy stock. 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 analyst ratings for MEG Energy
or view top-rated stocks.

What is MEG Energy's stock price forecast for 2022?

13 brokerages have issued 12-month price targets for MEG Energy's stock. Their MEG stock forecasts range from C$13.00 to C$31.00. On average, they predict MEG Energy's stock price to reach C$21.55 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
View analysts' price targets for MEG Energy
or view top-rated stocks among Wall Street analysts.

How has MEG Energy's stock performed in 2022?

MEG Energy's stock was trading at C$11.70 at the beginning of 2022. Since then, MEG stock has increased by 47.2% and is now trading at C$17.22.
View the best growth stocks for 2022 here
.

When is MEG Energy's next earnings date?

MEG Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for MEG Energy
.

How were MEG Energy's earnings last quarter?

MEG Energy Corp. (TSE:MEG) posted its quarterly earnings results on Monday, May, 2nd. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.63 billion.
View MEG Energy's earnings history
.

Who are MEG Energy's key executives?

MEG Energy's management team includes the following people:
  • Mr. Derek W. Evans B.Sc., P. Eng., Pres, CEO & Director (Age 65, Pay $1.7M)
  • Mr. Eric Lloyd Toews C.A., C.P.A., CA, CPA, Chief Financial Officer
  • Ms. Darlene M. Gates, Chief Operating Officer
  • Mr. Chi-Tak Yee P.Eng., Chief Technology Officer
  • Mr. Lyle S. Yuzdepski, Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Ms. Helen Kelly MBA, Director of Investor Relations
  • Mr. David Michael Granger, VP HR

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 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$17.22.

How much money does MEG Energy make?

MEG Energy (TSE:MEG) has a market capitalization of C$5.29 billion and generates C$4.94 billion in revenue each year.

How many employees does MEG Energy have?

MEG Energy employs 411 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 MEG Energy is www.megenergy.com. The company can be reached via phone at +1-403-7700446.

This page (TSE:MEG) was last updated on 7/7/2022 by MarketBeat.com Staff

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