MEG Energy Corp Company Profile (TSE:MEG)

About MEG Energy Corp

MEG Energy Corp logoMEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has the following commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project. MEG also holds interest in the Access Pipeline.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Exchange: TSE
  • Symbol: MEG
  • CUSIP:
Key Metrics:
  • Previous Close: $6.97
  • 50 Day Moving Average: $7.19
  • 200 Day Moving Average: $6.63
  • 52-Week Range: C$226,467,000.00 - C$4.18
  • Trailing P/E Ratio: N/A
  • P/E Growth: -0.26
  • Market Cap: $1.58B
  • Outstanding Shares: 226,467,000
Additional Links:

Analyst Ratings

Consensus Ratings for MEG Energy Corp (TSE:MEG) (?)
Ratings Breakdown: 5 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.44)
Consensus Price Target: C$9.30

Analysts' Ratings History for MEG Energy Corp (TSE:MEG)
Show:
DateFirmActionRatingPrice TargetDetails
2/10/2017ScotiabankReiterated RatingOutperformC$9.00View Rating Details
2/10/2017Barclays PLCBoost Price TargetC$6.00 -> C$8.00View Rating Details
2/10/2017Raymond James Financial, Inc.Lower Price TargetMarket Perform -> OutperformC$8.50 -> C$8.00View Rating Details
2/10/2017Royal Bank of CanadaReiterated RatingOutperformC$12.00View Rating Details
1/30/2017BMO Capital MarketsBoost Price TargetC$6.00 -> C$8.00View Rating Details
1/25/2017TD SecuritiesLower Price TargetSpeculative BuyC$11.50 -> C$11.00View Rating Details
1/25/2017RBC Capital MarketsBoost Price TargetOutperformC$10.00 -> C$12.00View Rating Details
12/21/2016DesjardinsLower Price TargetC$10.00 -> C$8.00View Rating Details
10/19/2016CIBCLower Price TargetC$9.50 -> C$8.00View Rating Details
9/28/2016FirstEnergy CapitalDowngradeOutperform -> Market PerformView Rating Details
6/13/2016Morgan StanleyBoost Price TargetC$8.00 -> C$9.00View Rating Details
4/29/2016AltaCorp CapitalDowngradeOutperform -> Sector PerformView Rating Details
2/4/2016National Bank FinancialDowngradeSector Perform Market Weight -> Underperform Market WeightView Rating Details
1/21/2016NomuraLower Price TargetC$15.00 -> C$6.00View Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for MEG Energy Corp (TSE:MEG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
7/28/2015Q2($0.12)$0.23ViewListenView Earnings Details
7/31/2014$0.48$0.49ViewN/AView Earnings Details
5/1/2014$0.28$0.18ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MEG Energy Corp (TSE:MEG)
Current Year EPS Consensus Estimate: $-0.37 EPS

Dividends

Dividend History for MEG Energy Corp (TSE:MEG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for MEG Energy Corp (TSE:MEG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/13/2017Chi-Tak YeeInsiderBuy5,000C$7.73C$38,650.00
1/12/2017Diana Janet McqueenDirectorBuy1,250C$7.89C$9,862.50
6/7/2016Stephen R DiotteInsiderSell3,100C$6.69C$20,739.00
1/14/2016John Garry MccoshenInsiderBuy2,100C$4.97C$10,437.00
1/13/2016Eric Lloyd ToewsInsiderBuy20,000C$4.99C$99,800.00
12/21/2015Stephen R DiotteInsiderBuy100C$7.78C$778.00
12/17/2015Chi-Tak YeeInsiderBuy1,000C$7.50C$7,500.00
10/7/2015John Martin RogersInsiderBuy20,000C$12.00C$240,000.00
10/6/2015John Martin RogersInsiderBuy15,000C$10.31C$154,650.00
10/5/2015Stephen R DiotteInsiderSell1,017C$10.13C$10,302.21
9/16/2015Eric Lloyd ToewsInsiderBuy5,050C$8.61C$43,455.25
9/9/2015Chi-Tak YeeInsiderBuy1,000C$8.82C$8,815.00
7/7/2015Stephen R DiotteInsiderSell1,000C$19.29C$19,290.00
12/1/2014Arnold Boyd AndersonDirectorBuy5,000C$18.77C$93,850.00
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for MEG Energy Corp (TSE:MEG)
DateHeadline
News IconFollowing the Numbers on Shares of MEG Energy Corp. (TSX:MEG) - Benton Bulletin (TSE:MEG)
bentonbulletin.com - February 25 at 8:12 AM
reuters.com logoANALYSIS-Canada energy sector sidelined as Big Oil chases fatter profits (TSE:MEG)
in.reuters.com - February 24 at 7:44 PM
baystreet.ca logoStocks Tumble to End Week (TSE:MEG)
www.baystreet.ca - February 24 at 7:44 PM
News IconMaterials and Industrials send Canadian market lower (TSE:MEG)
english.sina.com - February 23 at 11:32 PM
News IconLevels in Focus for Meg Energy Corp (MEG.TO) - Midway Monitor (TSE:MEG)
midwaymonitor.com - February 23 at 6:31 PM
News IconLevels in Focus on Shares of MEG Energy Corp. (TSX:MEG) - Piedmont Register (TSE:MEG)
piedmontregister.com - February 22 at 6:39 PM
News IconTrading Spotlight: Zooming in on Shares of Meg Energy Corp (MEG.TO) - The Standard (TSE:MEG)
6milestandard.com - February 21 at 6:26 PM
News IconMarket Review: Focusing on Shares of MEG Energy Corp. (MEG.TO) - Benton Bulletin (TSE:MEG)
bentonbulletin.com - February 14 at 8:03 PM
News IconCanada's MEG Energy Increases Capex in 2017 - Industrialinfo.com (subscription) (TSE:MEG)
www.industrialinfo.com - February 14 at 8:03 PM
finance.yahoo.com logoCanada's MEG Energy Increases Capex in 2017, an Industrial Info News Alert (TSE:MEG)
finance.yahoo.com - February 14 at 8:03 PM
capitalcube.com logoMEG Energy Corp. :MEG-CA: Earnings Analysis: Q4, 2016 By the Numbers : February 14, 2017 (TSE:MEG)
www.capitalcube.com - February 14 at 8:03 PM
News IconCanada's MEG Energy Increases Capex in 2017 (TSE:MEG)
www.industrialinfo.com - February 14 at 5:44 AM
baystreet.ca logoResearch Reports Initiated on Energy Stocks MEG ... - Baystreet.ca - Baystreet.ca (TSE:MEG)
www.baystreet.ca - February 13 at 10:23 AM
finance.yahoo.com logoResearch Reports Initiated on Energy Stocks MEG Energy, Crescent Point Energy, Bonavista Energy, and TORC Oil and Gas (TSE:MEG)
finance.yahoo.com - February 13 at 10:23 AM
marketwired.com logoMEG Energy reports fourth quarter and full-year 2016 results - Marketwired (press release) (TSE:MEG)
www.marketwired.com - February 11 at 6:36 PM
News IconInvestor Focus: Watching Shares of MEG Energy Corp. (TSX:MEG) - Baxter Review (TSE:MEG)
baxternewsreview.com - February 10 at 7:18 PM
News IconInvestors are Keeping Tabs on MEG Energy Corp. (TSX:MEG) - Davidson Register (TSE:MEG)
davidsonregister.com - February 10 at 12:32 AM
reuters.com logoMEG Energy posts larger quarterly loss - Reuters UK (TSE:MEG)
uk.reuters.com - February 10 at 12:32 AM
finance.yahoo.com logoEdited Transcript of MEG.TO earnings conference call or presentation 9-Feb-17 3:30pm GMT (TSE:MEG)
finance.yahoo.com - February 10 at 12:32 AM
business.financialpost.com logoSuncor CEO confident Tillerson will shield oilpatch from border adjustment tax (TSE:MEG)
business.financialpost.com - February 9 at 7:31 PM
reuters.com logoUPDATE 1-MEG Energy posts smaller-than-expected loss on lower costs (TSE:MEG)
www.reuters.com - February 9 at 7:31 PM
News IconMEG Energy (TSE:MEG)
theamericanenergynews.com - February 9 at 7:31 PM
seekingalpha.com logoMeg Energy Corp. 2016 Q4 - Results - Earnings Call Slides (TSE:MEG)
seekingalpha.com - February 9 at 7:31 PM
biz.yahoo.com logoQ4 2016 Meg Energy Corp Earnings Release - Before Market Open (TSE:MEG)
biz.yahoo.com - February 9 at 7:31 PM
streetinsider.com logoMEG Energy reports fourth quarter and full-year 2016 results (TSE:MEG)
www.streetinsider.com - February 9 at 5:21 AM
reuters.com logoMEG Energy posts larger quarterly loss - Reuters (TSE:MEG)
www.reuters.com - February 9 at 5:21 AM
News IconTrading Ledger: Keeping an Eye on MEG Energy Corp. (TSX:MEG) - Searcy News (TSE:MEG)
searcysentinel.com - February 8 at 7:19 PM
News IconEight thermal oilsands projects that produced more than 70,000 bbls/d in 2016 (TSE:MEG)
www.jwnenergy.com - February 8 at 12:49 AM
News IconEquity Watch: Focus on Technicals for MEG Energy Corp. (TSX:MEG) - Sherwood Daily (TSE:MEG)
sherwooddaily.com - February 7 at 7:47 PM
nasdaq.com logoMEG Energy (MEG) Shares Cross Below 200 DMA (TSE:MEG)
www.nasdaq.com - February 6 at 6:36 PM
News IconTrading Lines in Focus for MEG Energy Corp. (MEG.TO) - Rives Journal (TSE:MEG)
rivesjournal.com - February 3 at 7:12 PM
marketwired.com logoMEG Energy holds conference call to discuss fourth quarter 2016 financial results and 2017 capital budget - Marketwired (press release) (TSE:MEG)
www.marketwired.com - February 3 at 12:20 AM
business.financialpost.com logoAnxiety builds in Alberta on fears oilsands carbon cap policy set to pick favourites (TSE:MEG)
business.financialpost.com - February 2 at 7:19 PM
News IconCompany Focus: Zooming in on Shares of MEG Energy Corp. (TSX:MEG) - Gilbert Daily (TSE:MEG)
gilbertdaily.com - February 1 at 7:20 PM
finance.yahoo.com logoMEG Energy holds conference call to discuss fourth quarter 2016 financial results and 2017 capital budget (TSE:MEG)
finance.yahoo.com - February 1 at 7:20 PM
News IconActive Trading Watch on Shares of MEG Energy Corp. (MEG.TO) - Rives Journal (TSE:MEG)
rivesjournal.com - January 30 at 7:12 PM
News IconFree Cash Flow Score in Focus for MEG Energy Corp. (TSX:MEG) - Gilbert Daily (TSE:MEG)
gilbertdaily.com - January 30 at 7:12 PM
News IconActive Trading Watch on Shares of MEG Energy Corp. (MEG.TO) - Sherwood Daily (TSE:MEG)
sherwooddaily.com - January 29 at 6:56 PM
News IconKeeping Tabs on Technicals for MEG Energy Corp. (MEG.TO) - Rives Journal (TSE:MEG)
rivesjournal.com - January 28 at 12:00 AM
News IconKeeping Tabs on Levels for MEG Energy Corp. (TSX:MEG) - Gilbert Daily (TSE:MEG)
gilbertdaily.com - January 28 at 12:00 AM
finance.yahoo.com logoMEG Energy announces successful closing of previously announced comprehensive refinancing plan (TSE:MEG)
finance.yahoo.com - January 27 at 11:59 PM
News IconTrump is reviving 2 major oil pipelines and activists are furious (TSE:MEG)
www.scrapmonster.com - January 27 at 2:25 AM
News IconADX in View on Shares of MEG Energy Corp. (MEG.TO) - Rives Journal (TSE:MEG)
rivesjournal.com - January 26 at 9:24 PM
News IconTechnical Buzz on MEG Energy Corp. (TSX:MEG) - Gilbert Daily (TSE:MEG)
gilbertdaily.com - January 26 at 9:24 PM
4-traders.com logoIIROC Trade Halt - MEG Energy Corp. Subscription Receipts (TSE:MEG)
www.4-traders.com - January 25 at 7:55 PM
News IconTrading Scope: Following Levels on Shares of MEG Energy Corp. (MEG.TO) - Rives Journal (TSE:MEG)
rivesjournal.com - January 25 at 7:55 PM
News IconFollowing FCF Scores for MEG Energy Corp. (TSX:MEG) - Gilbert Daily (TSE:MEG)
gilbertdaily.com - January 25 at 7:55 PM
goldseiten.de logoMEG Announces Closing of $518 million Subscription Receipt Offering (TSE:MEG)
www.goldseiten.de - January 24 at 7:14 PM
4-traders.com logoMEG Energy : announces exercise in full of over-allotment option (TSE:MEG)
www.4-traders.com - January 24 at 7:14 PM
News IconCanada's oilpatch moves into growth mode, finally - Calgary Herald (TSE:MEG)
calgaryherald.com - January 24 at 7:14 PM

Social

What is MEG Energy Corp's stock symbol?

MEG Energy Corp trades on the Tornton Stock Exchange (TSX) under the ticker symbol "MEG."

Where is MEG Energy Corp's stock going? Where will MEG Energy Corp's stock price be in 2017?

9 brokers have issued 12-month price objectives for MEG Energy Corp's shares. Their predictions range from C$8.00 to C$12.00. On average, they expect MEG Energy Corp's stock price to reach C$9.30 in the next twelve months.

When will MEG Energy Corp announce their earnings?

MEG Energy Corp is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

How do I buy MEG Energy Corp stock?

Shares of MEG Energy Corp and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

How much does a share of MEG Energy Corp stock cost?

One share of MEG Energy Corp stock can currently be purchased for approximately C$6.97.

MEG Energy Corp (TSE:MEG) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for MEG Energy Corp (TSE:MEG)

Earnings History Chart

Earnings by Quarter for MEG Energy Corp (TSE:MEG)

Dividend History Chart

Dividend Payments by Quarter for MEG Energy Corp (TSE:MEG)

Last Updated on 2/26/2017 by MarketBeat.com Staff