TSE:MEG MEG Energy (MEG) Stock Forecast, Price & News C$26.65 +0.95 (+3.70%) (As of 09/27/2023 ET) Add Compare Share Share Today's RangeC$26.10▼C$26.8550-Day RangeC$22.67▼C$26.6552-Week RangeC$14.71▼C$26.85Volume2.54 million shsAverage Volume2.07 million shsMarket CapitalizationC$7.61 billionP/E Ratio15.06Dividend YieldN/APrice TargetC$24.83 ProfileProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media MEG Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside6.8% DownsideC$24.83 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.19Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 1.3 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$24.83, MEG Energy has a forecasted downside of 6.8% from its current price of C$26.65.Amount of Analyst CoverageMEG Energy has only been the subject of 3 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MEG. Previous Next 0.0 Dividend Strength Dividend YieldMEG Energy does not currently pay a dividend.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 2.3 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 0.19. 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 lower news sentiment than the 0.52 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for MEG Energy this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for MEG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows4 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 0.0 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 0.54% of the stock of MEG Energy is held by insiders.Percentage Held by InstitutionsOnly 35.47% of the stock of MEG Energy is held by institutions. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 15.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.76.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 15.06, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 115.43.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 1.71. 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 About MEG Energy (TSE:MEG) StockMEG 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.Read More MEG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEG Stock News HeadlinesSeptember 27, 2023 | msn.comFremantle Dockers slammed for signing new sponsorship deal with Woodside EnergySeptember 22, 2023 | msn.comMeg Ryan, Inventor of Fall, Just Wore the Most Simple Autumn Outfit EverSeptember 27, 2023 | Weiss Ratings (Ad)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.September 22, 2023 | theglobeandmail.comMEG Energy: Top 10 Undervalued Growth Stocks on TSX (MEG)September 20, 2023 | msn.comBest Power Supply Units (PSUs) For Gaming Rigs In 2023September 16, 2023 | msn.comKenya is most stable democracy in Africa - Meg WhitmanSeptember 14, 2023 | baystreet.caTSX Pops by NoonSeptember 14, 2023 | theglobeandmail.comBig Gains for TSX in First HourSeptember 27, 2023 | Weiss Ratings (Ad)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.September 14, 2023 | msn.comWoodside Energy commences production from Shenzi North projectSeptember 13, 2023 | msn.comPep talk: 23 foods and drinks you didn’t know contain caffeineSeptember 12, 2023 | afr.comOil and gas lobby group rebrands – just don’t mention petroleumSeptember 7, 2023 | cbsnews.comHeat wave endangers millions across U.S., closing schools and prompting energy concernsSeptember 6, 2023 | msn.comMeg 2's Suyin Reveal Completely Changes The Franchise's FutureSeptember 5, 2023 | msn.comExclusive-Canada oil sands carbon capture project struggles to get key contractAugust 31, 2023 | mirror.co.ukMeg Ryan 'looks very different' as fans are thrilled over rom-com comeback in new filmAugust 31, 2023 | msn.comMake your home more environmentally sustainable even if you’re rentingAugust 31, 2023 | msn.comWoodside gets regulatory approval for $7.2bn Mexican offshore oil projectAugust 25, 2023 | msn.comTSX Today: Why Canadian Stocks Could Rise on Friday, August 25August 23, 2023 | msn.comCanada steps up pace of oil production growth, seen rising 8% in two yearsAugust 6, 2023 | msn.comMeg 2: Every Reason the Creature Feature Received One of the Worst Rotten Tomatoes Scores of All TimeJuly 28, 2023 | msn.comMeg Energy GAAP EPS of C$0.47, revenue of C$1.29BJuly 17, 2023 | msn.comMEG Energy: Why I'm Taking A PassJuly 16, 2023 | msn.comOpinion: Albertans need to wise up to the energy problems we're facingJuly 3, 2023 | uk.movies.yahoo.comEmmerdale stars remember Meg Johnson as ‘beautiful woman inside and out’July 2, 2023 | finance.yahoo.comretail investors who own 56% along with institutions invested in MEG Energy Corp. (TSE:MEG) saw increase in their holdings value last weekJune 28, 2023 | cnbc.comFund manager makes bold call that oil prices will double, picks stocks to cash inSee 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 MEG Company Calendar Last Earnings7/27/2023Today9/27/2023Next Earnings (Estimated)11/08/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees429Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$24.83 High Stock Price ForecastC$27.00 Low Stock Price ForecastC$21.00 Forecasted Upside/Downside-7.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$1.77 Trailing P/E Ratio15.11 Forward P/E Ratio10.27 P/E Growth0.17Net IncomeC$532 million Net Margins9.19% Pretax MarginN/A Return on Equity12.12% Return on Assets8.28% Debt Debt-to-Equity Ratio36.43 Current Ratio1.43 Quick Ratio1.17 Sales & Book Value Annual SalesC$5.79 billion Price / Sales1.32 Cash FlowC$0.91 per share Price / Cash Flow29.38 Book ValueC$15.55 per share Price / Book1.72Miscellaneous Outstanding Shares285,400,000Free FloatN/AMarket CapC$7.63 billion OptionableNot Optionable Beta2.75 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Derek W. Evans B.Sc. (Age 66)P. Eng., Pres, CEO & Director Comp: $1.59MMr. Ryan M. Kubik C.A. (Age 55)CA, CFA, Chief Financial Officer Comp: $1.02MMs. Darlene M. GatesChief Operating OfficerMr. Lyle S. YuzdepskiSr. VP of Legal, Gen. Counsel & Corp. Sec.Mr. Thomas R. GearVP of OperationsMs. Helen Kelly MBADirector of Investor RelationsMr. David Michael GrangerSr. VP of HRMore ExecutivesKey CompetitorsWhitecap ResourcesTSE:WCPPrairieSky RoyaltyTSE:PSKCrescent Point EnergyTSE:CPGEnerplusTSE:ERFBaytex EnergyTSE:BTEView All CompetitorsInsidersErik Alexander AlsonSold 28,786 sharesTotal: C$533,116.72 ($18.52/share)View All Insider Transactions 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? 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). 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 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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