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TSE:MEG

MEG Energy (MEG) Stock Price, News & Analysis

C$28.43
-0.05 (-0.18%)
(As of 06/12/2024 ET)
Today's Range
C$28.24
C$29.04
50-Day Range
C$27.83
C$33.43
52-Week Range
C$19.41
C$33.70
Volume
1.09 million shs
Average Volume
1.76 million shs
Market Capitalization
C$7.75 billion
P/E Ratio
13.80
Dividend Yield
3.14%
Price Target
C$32.67

MEG Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
14.9% Upside
C$32.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.31mentions of MEG Energy in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$2.04 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.

3.22 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

MEG Energy (TSE:MEG) Upgraded to "Strong-Buy" at TD Securities
TD Securities Upgrades MEG Energy (TSE:MEG) to "Strong-Buy"
Leviste buys 8.5% stake of ABS-CBN
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
6/12/2024
Next Earnings (Estimated)
7/25/2024

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$32.67
High Stock Price Target
C$39.00
Low Stock Price Target
C$23.00
Potential Upside/Downside
+14.9%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
C$586 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.54 billion
Cash Flow
C$0.97 per share
Book Value
C$16.56 per share

Miscellaneous

Free Float
N/A
Market Cap
C$7.75 billion
Optionable
Not Optionable
Beta
3.12
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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?

11 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, 3 buy ratings and 1 strong buy rating 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?

11 Wall Street research analysts have issued 12 month price objectives for MEG Energy's stock. Their MEG share price targets range from C$23.00 to C$39.00. On average, they expect the company's share price to reach C$32.67 in the next year. This suggests a possible upside of 14.9% 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 at the start of the year. Since then, MEG shares have increased by 20.1% and is now trading at C$28.43.
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 Thursday, July 25th 2024.
View our MEG earnings forecast
.

How were MEG Energy's earnings last quarter?

MEG Energy Corp. (TSE:MEG) posted its quarterly earnings data on Monday, May, 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.45 by $0.09. The company earned $1.36 billion during the quarter, compared to analyst estimates of $1.25 billion. MEG Energy had a trailing twelve-month return on equity of 13.20% and a net margin of 10.58%.

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 6/13/2024 by MarketBeat.com Staff

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