MEG Energy Corp Company Profile (TSE:MEG)

About MEG Energy Corp (TSE:MEG)

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
  • Symbol: TSE:MEG
  • CUSIP: N/A
  • Web: N/A
Capitalization:
  • Market Cap: C$1.78 billion
  • Outstanding Shares: 293,282,000
Average Prices:
  • 50 Day Moving Avg: C$6.37
  • 200 Day Moving Avg: C$6.94
  • 52 Week Range: C$4.72 - C$9.83
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: -0.15
Sales & Book Value:
  • Annual Revenue: C$2.13 billion
  • Price / Sales: 0.84
  • Book Value: C$12.93 per share
  • Price / Book: 0.47
Profitability:
  • EBIDTA: C$392.4 million
Misc:
  • Average Volume: 1.83 million shs.
  • Short Ratio: 9.94
 

Frequently Asked Questions for MEG Energy Corp (TSE:MEG)

What is MEG Energy Corp's stock symbol?

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

How were MEG Energy Corp's earnings last quarter?

MEG Energy Corp (TSE:MEG) posted its quarterly earnings results on Wednesday, October, 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.12) by $0.35. The business earned $706.42 million during the quarter, compared to analyst estimates of $759.29 million. View MEG Energy Corp's Earnings History.

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

6 analysts have issued 1-year price objectives for MEG Energy Corp's stock. Their forecasts range from C$8.00 to C$12.00. On average, they anticipate MEG Energy Corp's share price to reach C$8.72 in the next twelve months. View Analyst Ratings for MEG Energy Corp.

Who are some of MEG Energy Corp's key competitors?

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$6.07.

Analyst Ratings

Consensus Ratings for MEG Energy Corp (TSE:MEG) (?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: C$8.72

Analysts' Ratings History for MEG Energy Corp (TSE:MEG)
Show:
DateFirmActionRatingPrice TargetDetails
3/24/2017TD SecuritiesReiterated RatingHoldC$8.50View Rating Details
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
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 5/23/2015 forward)

Earnings

Earnings History for MEG Energy Corp (TSE:MEG)
Earnings by Quarter for MEG Energy Corp (TSE:MEG)
Earnings History by Quarter for MEG Energy Corp (TSE:MEG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/29/2014Q2($0.12)$0.23$759.29 million$706.42 millionViewListenView Earnings Details
7/30/2014$0.48$0.49$670.69 million$829.19 millionViewN/AView Earnings Details
4/30/2014$0.28$0.18$484.78 million$679.56 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MEG Energy Corp (TSE:MEG)
Current Year EPS Consensus Estimate: $-0.50 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 and Institutional Ownership History for MEG Energy Corp (TSE:MEG)
Insider Trades by Quarter for MEG Energy Corp (TSE:MEG)
Insider Trades by Quarter for MEG Energy Corp (TSE:MEG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/21/2017Timothy Edward HodgsonDirectorBuy8,000C$6.16C$49,280.00
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

Headline Trends for MEG Energy Corp (TSE:MEG)
Latest Headlines for MEG Energy Corp (TSE:MEG)
Source:
DateHeadline
reuters.com logoCanada's MEG Energy posts smaller-than-expected loss on higher prices, lower costs - Reuters
www.reuters.com - May 12 at 7:06 PM
finance.yahoo.com logoEdited Transcript of MEG.TO earnings conference call or presentation 11-May-17 1:30pm GMT
finance.yahoo.com - May 11 at 11:59 PM
theglobeandmail.com logoMEG Energy posts smaller quarterly profit
www.theglobeandmail.com - May 11 at 6:59 PM
finance.yahoo.com logoMEG Energy reports first quarter 2017 results
finance.yahoo.com - May 11 at 5:22 AM
finance.yahoo.com logoCanada's MEG Energy reports smaller quarterly profit
finance.yahoo.com - May 11 at 5:22 AM
bizjournals.com logoRubicon Oilfield International Acquires Choice Completions Systems
www.bizjournals.com - May 8 at 12:21 PM
marketwatch.com logoCIRI Alberta Announces 2017 Annual General Meeting Voting Results and New Chair
www.marketwatch.com - May 6 at 9:07 AM
businesswire.com logoCIRI Alberta Announces 2017 Annual General Meeting Voting Results and New Chair - Business Wire (press release)
www.businesswire.com - May 5 at 6:45 PM
reuters.com logoBRIEF-Kontrol Energy to buy up to 20 megawatts of solar energy power generation assets
www.reuters.com - May 5 at 8:42 AM
finance.yahoo.com logoMEG Energy holds conference call to discuss first quarter 2017 financial results - Yahoo Finance
finance.yahoo.com - May 4 at 11:44 AM
finance.yahoo.com logoMEG Energy holds conference call to discuss first quarter 2017 financial results
finance.yahoo.com - May 4 at 11:43 AM
americanbankingnews.com logoMEG Energy Corp (MEG) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 28 at 4:28 PM
finance.yahoo.com logoResearch Reports Initiated on Energy Stocks: Canadian Natural Resources, Bellatrix Exploration, Gear Energy, and ... - Yahoo Finance
finance.yahoo.com - April 28 at 9:20 AM
finance.yahoo.com logoResearch Reports Initiated on Energy Stocks: Canadian Natural Resources, Bellatrix Exploration, Gear Energy, and MEG Energy
finance.yahoo.com - April 28 at 9:20 AM
finance.yahoo.com logoMEG Energy Corp. – Value Analysis (TORONTO:MEG) : April 20, 2017
finance.yahoo.com - April 20 at 6:34 PM
finance.yahoo.com logoMEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : April 19, 2017
finance.yahoo.com - April 19 at 10:37 AM
finance.yahoo.com logoMEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : April 4, 2017
finance.yahoo.com - April 7 at 11:07 AM
americanbankingnews.com logoMEG Energy Corp (MEG) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 6 at 1:34 PM
americanbankingnews.com logoMEG Energy Corp (MEG) Rating Reiterated by TD Securities
www.americanbankingnews.com - March 30 at 7:16 AM
baystreet.ca logoStocks Power Higher on Energy Surge
www.baystreet.ca - March 29 at 7:06 PM
baystreet.ca logoStocks Stumble over Trump Failure
www.baystreet.ca - March 27 at 10:25 AM
americanbankingnews.com logoMEG Energy Corp (MEG) Given a C$8.50 Price Target by TD Securities Analysts
www.americanbankingnews.com - March 24 at 2:26 PM
americanbankingnews.com logoInsider Buying: MEG Energy Corp (MEG) Director Buys 8,000 Shares of Stock
www.americanbankingnews.com - March 21 at 8:00 PM
seekingalpha.com logoParamount Resources Trades At 1.5 Times Earnings With C$566 Million Net Cash
seekingalpha.com - March 20 at 4:42 PM
bloomberg.com logoCompany Overview of MEG Energy Corp.
www.bloomberg.com - March 19 at 5:44 PM
baystreet.ca logoStocks Stronger by Noon
www.baystreet.ca - March 17 at 6:41 PM
finance.yahoo.com logoResearch Reports Initiated on Energy Stocks Granite Oil, Canadian Natural Resources, MEG Energy, and ARC Resources
finance.yahoo.com - March 14 at 11:11 AM
nasdaq.com logoMEG Energy Breaks Below 200-Day Moving Average - Notable for MEG
www.nasdaq.com - March 9 at 6:17 PM
baystreet.ca logoResource Stocks Drive TSX Lower
www.baystreet.ca - March 9 at 12:13 AM
finance.yahoo.com logoMEG Energy's Board of Directors approves filing of 2016 year-end disclosure documents
finance.yahoo.com - March 2 at 11:45 PM
baystreet.ca logoStocks Tumble to End Week
www.baystreet.ca - February 24 at 7:44 PM
finance.yahoo.com logoCanada's MEG Energy Increases Capex in 2017, an Industrial Info News Alert
finance.yahoo.com - February 14 at 8:03 PM
baystreet.ca logoResearch Reports Initiated on Energy Stocks MEG ... - Baystreet.ca - Baystreet.ca
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
finance.yahoo.com - February 13 at 10:23 AM
finance.yahoo.com logoEdited Transcript of MEG.TO earnings conference call or presentation 9-Feb-17 3:30pm GMT
finance.yahoo.com - February 10 at 12:32 AM
reuters.com logoUPDATE 1-MEG Energy posts smaller-than-expected loss on lower costs
www.reuters.com - February 9 at 7:31 PM
seekingalpha.com logoMeg Energy Corp. 2016 Q4 - Results - Earnings Call Slides
seekingalpha.com - February 9 at 7:31 PM
biz.yahoo.com logoQ4 2016 Meg Energy Corp Earnings Release - Before Market Open
biz.yahoo.com - February 9 at 7:31 PM
streetinsider.com logoMEG Energy reports fourth quarter and full-year 2016 results
www.streetinsider.com - February 9 at 5:21 AM
reuters.com logoMEG Energy posts larger quarterly loss - Reuters
www.reuters.com - February 9 at 5:21 AM
nasdaq.com logoMEG Energy (MEG) Shares Cross Below 200 DMA
www.nasdaq.com - February 6 at 6:36 PM
finance.yahoo.com logoMEG Energy holds conference call to discuss fourth quarter 2016 financial results and 2017 capital budget
finance.yahoo.com - February 1 at 7:20 PM
finance.yahoo.com logoMEG Energy announces successful closing of previously announced comprehensive refinancing plan
finance.yahoo.com - January 27 at 11:59 PM

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MEG Energy Corp (MEG) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff