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MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
TSE:MEG

MEG Energy (MEG) Stock Price, News & Analysis

C$31.16
-0.11 (-0.35%)
(As of 04/19/2024 ET)
Today's Range
C$31.09
C$31.75
50-Day Range
C$24.34
C$33.43
52-Week Range
C$19.41
C$33.70
Volume
1.66 million shs
Average Volume
1.85 million shs
Market Capitalization
C$8.48 billion
P/E Ratio
15.74
Dividend Yield
3.14%
Price Target
C$32.73

MEG Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
5.0% Upside
C$32.73 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.38mentions of MEG Energy in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$8.83 M Sold Last Quarter
Proj. Earnings Growth
N/A

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.

2.06 out of 5 stars

MEG stock logo

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.

MEG Stock Price History

MEG Stock News Headlines

Tiny Biotech Stock Wins $75 Billion Patent
A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.
Tiny Biotech Stock Wins $75 Billion Patent
A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.
MEG Energy Corp MEGEF
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
4/21/2024
Next Earnings (Confirmed)
5/06/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
449
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$32.73
High Stock Price Target
C$39.00
Low Stock Price Target
C$23.00
Potential Upside/Downside
+5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
C$569 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.65 billion
Cash Flow
C$1.06 per share
Book Value
C$16.48 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.48 billion
Optionable
Not Optionable
Beta
3.16
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Key Executives

  • Mr. Derek W. Evans B.Sc. (Age 67)
    P. Eng., President, CEO & Director
    Comp: $1.59M
  • Ms. Darlene M. Gates
    Chief Operating Officer
  • Mr. Lyle S. Yuzdepski
    Senior VP of Legal, General Counsel & Corporate Secretary
  • Mr. Thomas R. Gear
    Vice President of Operations
  • Mr. David Michael Granger
    Senior Vice President of Human Resources

MEG Stock Analysis - Frequently Asked Questions

Should I buy or sell MEG Energy stock right now?

10 Wall Street 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 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 analysts have issued 12-month price targets for MEG Energy's stock. Their MEG share price targets range from C$23.00 to C$39.00. On average, they predict the company's stock price to reach C$32.73 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
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 on January 1st, 2024. Since then, MEG shares have increased by 31.6% and is now trading at C$31.16.
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) released its quarterly earnings data on Thursday, February, 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate 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?
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 4/21/2024 by MarketBeat.com Staff

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