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TSE:MEG

MEG Energy (MEG) Stock Forecast, Price & News

C$21.76
-0.21 (-0.96%)
(As of 05:17 PM ET)
Compare
Today's Range
C$21.72
▼
C$22.45
50-Day Range
C$19.99
▼
C$23.63
52-Week Range
C$13.91
▼
C$24.47
Volume
1.15 million shs
Average Volume
2.35 million shs
Market Capitalization
C$6.26 billion
P/E Ratio
9.89
Dividend Yield
N/A
Price Target
C$24.33
ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media

MEG Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.8% Upside
C$24.33 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$533,117 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.57 out of 5 stars

See Top Rated MarketRank™ Stocks Here

MEG stock logo

About MEG Energy (TSE:MEG) Stock

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.

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MEG Stock News Headlines

May 26, 2023 | msn.com
MEG Energy Corp Outperforms Major Indices on Friday
May 26, 2023 | americanbankingnews.com
MEG Energy (TSE:MEG) Lifted to "Outperform" at Scotiabank
June 5, 2023 | Legacy Research (Affiliate) (Ad)
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
May 25, 2023 | msn.com
MEG Energy Corp Down -1.72% on May 25th Mid-Morning
May 23, 2023 | msn.com
Crescent Point Energy Corp Outperforms Major Indices on Tuesday
May 23, 2023 | finance.yahoo.com
MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 75% Above Its Share Price
May 12, 2023 | americanbankingnews.com
Analysts Set MEG Energy Corp. (TSE:MEG) PT at C$24.33
May 2, 2023 | theglobeandmail.com
MEG Energy earns $81-million in first quarter, a 77% decrease from previous year
June 5, 2023 | Behind the Markets (Ad)
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On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
May 2, 2023 | baystreet.ca
MEG Energy’s Q1 Profit Falls 78% As Oil Prices Slump
May 1, 2023 | msn.com
MEG Energy earns $81M; down 77 per cent from first quarter 2022 as oil prices fall
April 30, 2023 | markets.businessinsider.com
MEG Energy is about to announce its earnings — here's what to expect
April 25, 2023 | msn.com
8-Year High: Can MEG Energy Stock Keep the Momentum Going?
April 25, 2023 | finance.yahoo.com
Investing in MEG Energy (TSE:MEG) three years ago would have delivered you a 763% gain
April 23, 2023 | msn.com
DESJARDINS SECURITIES Downgrades MEG Energy (TSX:MEG)
April 20, 2023 | theglobeandmail.com
Closing Bell: Meg Energy Corp down on Thursday (MEG)
April 20, 2023 | americanbankingnews.com
MEG Energy (TSE:MEG) Price Target Increased to C$29.00 by Analysts at National Bankshares
April 19, 2023 | americanbankingnews.com
Brokerages Set MEG Energy Corp. (TSE:MEG) PT at C$23.89
April 19, 2023 | americanbankingnews.com
MEG Energy (TSE:MEG) PT Raised to C$26.00 at BMO Capital Markets
April 17, 2023 | msn.com
What’s Next for TSX Energy Stocks as Crude Oil Rallies?
April 15, 2023 | seekingalpha.com
MEGEF MEG Energy Corp.
April 15, 2023 | seekingalpha.com
MEG:CA MEG Energy Corp.
April 14, 2023 | americanbankingnews.com
MEG Energy (TSE:MEG) Rating Lowered to Sector Perform at Royal Bank of Canada
April 11, 2023 | ca.finance.yahoo.com
MEG Energy Stock Returned 1,400% in the Last 3 Years: What’s Next?
April 11, 2023 | theglobeandmail.com
Closing Bell: Meg Energy Corp up on Monday (MEG)
April 6, 2023 | theglobeandmail.com
Closing Bell: Meg Energy Corp up on Thursday (MEG)
March 30, 2023 | markets.businessinsider.com
CIBC Sticks to Its Buy Rating for Spartan Delta (DALXF)
See More Headlines

MEG Price History

MEG Company Calendar

Last Earnings
5/01/2023
Today
6/05/2023
Next Earnings (Estimated)
7/27/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Independent Oil & Gas
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
TSE:MEG
CUSIP
N/A
CIK
N/A
Web
www.megenergy.com
Phone
+1-403-7700446
Fax
N/A
Employees
411
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$24.33
High Stock Price Forecast
C$29.00
Low Stock Price Forecast
C$21.00
Forecasted Upside/Downside
+10.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$2.20
Trailing P/E Ratio
10.00
Forward P/E Ratio
9.93
P/E Growth
0.17
Net Income
C$621 million
Net Margins
10.24%
Pretax Margin
N/A
Return on Equity
14.53%
Return on Assets
10.37%

Debt

Debt-to-Equity Ratio
39.04
Current Ratio
1.34
Quick Ratio
1.17

Sales & Book Value

Annual Sales
C$6.07 billion
Price / Sales
1.04
Cash Flow
C$0.75 per share
Price / Cash Flow
29.38
Book Value
C$15.14 per share
Price / Book
1.45

Miscellaneous

Outstanding Shares
287,720,000
Free Float
N/A
Market Cap
C$6.33 billion
Optionable
Not Optionable
Beta
2.84

Key Executives

  • Mr. Derek W. Evans B.Sc. (Age 66)
    P. Eng., Pres, CEO & Director
    Comp: $1.7M
  • Ms. Darlene M. Gates
    Chief Operating Officer
  • Mr. Lyle S. Yuzdepski
    Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Mr. Ryan M. Kubik C.A. (Age 55)
    CA, CFA, Chief Financial Officer
  • Ms. Helen Kelly MBA
    Director of Investor Relations
  • Mr. David Michael Granger
    VP HR

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













MEG Stock - Frequently Asked Questions

Should I buy or sell MEG Energy stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MEG shares.
View MEG analyst ratings or view top-rated stocks.

What is MEG Energy's stock price forecast for 2023?

8 brokers have issued 1 year price targets for MEG Energy's stock. Their MEG share price forecasts range from C$21.00 to C$29.00. On average, they expect the company's share price to reach C$24.33 in the next year. This suggests a possible upside of 10.6% 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 2023?

MEG Energy's stock was trading at C$18.85 on January 1st, 2023. Since then, MEG stock has increased by 16.7% and is now trading at C$22.00.
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 Thursday, July 27th 2023.
View our MEG earnings forecast.

How were MEG Energy's earnings last quarter?

MEG Energy Corp. (TSE:MEG) announced its quarterly earnings results on Monday, May, 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.07. The company earned $1.48 billion during the quarter, compared to the consensus estimate of $1.21 billion. MEG Energy had a trailing twelve-month return on equity of 14.53% and a net margin of 10.24%.

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$22.00.

How much money does MEG Energy make?

MEG Energy (TSE:MEG) has a market capitalization of C$6.33 billion and generates C$6.07 billion in revenue each year. The company earns C$621 million in net income (profit) each year or C$2.20 on an earnings per share basis.

How many employees does MEG Energy have?

The company employs 411 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 6/5/2023 by MarketBeat.com Staff

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