TSE:MEG MEG Energy (MEG) Stock Forecast, Price & News C$21.01 -0.45 (-2.10%) (As of 04:33 PM ET) Add Compare Share Share Today's RangeC$20.63▼C$21.0550-Day RangeC$19.55▼C$23.6352-Week RangeC$13.91▼C$24.47Volume1.96 million shsAverage Volume2.37 million shsMarket CapitalizationC$6.04 billionP/E Ratio10.20Dividend YieldN/APrice TargetC$24.33 ProfileProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media MEG Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside17.7% UpsideC$24.33 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment1.02Based on 5 Articles This WeekInsider TradingSelling SharesC$533,117 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.99 out of 5 stars 2.3 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$24.33, MEG Energy has a forecasted upside of 17.7% from its current price of C$20.67.Amount of Analyst CoverageMEG Energy has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MEG. Previous Next 0.0 Dividend Strength Dividend YieldMEG Energy does not currently pay a dividend.Dividend GrowthMEG Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEG. Previous Next 3.3 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.32 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for MEG Energy this week, compared to 2 articles on an average week.Search Interest5 people have searched for MEG on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$533,117.00 in company stock.Percentage Held by InsidersOnly 0.54% of the stock of MEG Energy is held by insiders.Percentage Held by InstitutionsOnly 36.68% of the stock of MEG Energy is held by institutions. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 10.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.48.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 10.03, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 85.85.Price to Earnings Growth RatioMEG Energy has a PEG Ratio of 0.17. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMEG Energy has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MEG Energy (TSE:MEG) StockMEG 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.Read More Receive MEG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address MEG Stock News HeadlinesMay 26, 2023 | msn.comMEG Energy Corp Outperforms Major Indices on FridayMay 26, 2023 | americanbankingnews.comMEG Energy (TSE:MEG) Lifted to "Outperform" at ScotiabankMay 30, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 25, 2023 | msn.comMEG Energy Corp Down -1.72% on May 25th Mid-MorningMay 23, 2023 | msn.comCrescent Point Energy Corp Outperforms Major Indices on TuesdayMay 23, 2023 | finance.yahoo.comMEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 75% Above Its Share PriceMay 12, 2023 | americanbankingnews.comAnalysts Set MEG Energy Corp. (TSE:MEG) PT at C$24.33May 2, 2023 | theglobeandmail.comMEG Energy earns $81-million in first quarter, a 77% decrease from previous yearMay 30, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...May 2, 2023 | baystreet.caMEG Energy’s Q1 Profit Falls 78% As Oil Prices SlumpMay 1, 2023 | msn.comMEG Energy earns $81M; down 77 per cent from first quarter 2022 as oil prices fallApril 30, 2023 | markets.businessinsider.comMEG Energy is about to announce its earnings — here's what to expectApril 25, 2023 | msn.com8-Year High: Can MEG Energy Stock Keep the Momentum Going?April 25, 2023 | finance.yahoo.comInvesting in MEG Energy (TSE:MEG) three years ago would have delivered you a 763% gainApril 23, 2023 | msn.comDESJARDINS SECURITIES Downgrades MEG Energy (TSX:MEG)April 20, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp down on Thursday (MEG)April 20, 2023 | americanbankingnews.comMEG Energy (TSE:MEG) Price Target Increased to C$29.00 by Analysts at National BanksharesApril 19, 2023 | americanbankingnews.comBrokerages Set MEG Energy Corp. (TSE:MEG) PT at C$23.89April 19, 2023 | americanbankingnews.comMEG Energy (TSE:MEG) PT Raised to C$26.00 at BMO Capital MarketsApril 17, 2023 | msn.comWhat’s Next for TSX Energy Stocks as Crude Oil Rallies?April 15, 2023 | seekingalpha.comMEGEF MEG Energy Corp.April 15, 2023 | seekingalpha.comMEG:CA MEG Energy Corp.April 14, 2023 | americanbankingnews.comMEG Energy (TSE:MEG) Rating Lowered to Sector Perform at Royal Bank of CanadaApril 11, 2023 | ca.finance.yahoo.comMEG Energy Stock Returned 1,400% in the Last 3 Years: What’s Next?April 11, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp up on Monday (MEG)April 6, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp up on Thursday (MEG)March 30, 2023 | markets.businessinsider.comCIBC Sticks to Its Buy Rating for Spartan Delta (DALXF)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MEG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address MEG Company Calendar Last Earnings5/01/2023Today5/30/2023Next Earnings (Estimated)7/27/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Independent Oil & Gas Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees411Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$24.33 High Stock Price ForecastC$29.00 Low Stock Price ForecastC$21.00 Forecasted Upside/Downside+13.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.06 Trailing P/E Ratio10.42 Forward P/E Ratio11.43 P/E Growth0.17Net IncomeC$621 million Net Margins10.24% Pretax MarginN/A Return on Equity14.53% Return on Assets10.37% Debt Debt-to-Equity Ratio39.04 Current Ratio1.34 Quick Ratio1.17 Sales & Book Value Annual SalesC$6.07 billion Price / Sales1.02 Cash FlowC$0.73 per share Price / Cash Flow29.38 Book ValueC$15.14 per share Price / Book1.42Miscellaneous Outstanding Shares287,720,000Free FloatN/AMarket CapC$6.17 billion OptionableNot Optionable Beta2.84 Key ExecutivesMr. Derek W. Evans B.Sc. (Age 66)P. Eng., Pres, CEO & Director Comp: $1.7MMs. Darlene M. GatesChief Operating OfficerMr. Lyle S. YuzdepskiSr. VP of Legal, Gen. Counsel & Corp. Sec.Mr. Ryan M. Kubik C.A. (Age 55)CA, CFA, Chief Financial Officer Ms. Helen Kelly MBADirector of Investor RelationsMr. David Michael GrangerVP HRMore ExecutivesKey CompetitorsCrescent Point EnergyTSE:CPGParamount ResourcesTSE:POULinamarTSE:LNRVermilion EnergyTSE:VETNuVista EnergyTSE:NVAView All CompetitorsInsidersErik Alexander AlsonSold 28,786 sharesTotal: C$533,116.72 ($18.52/share)James D. McfarlandSold 5,000 sharesTotal: C$120,195.00 ($24.04/share)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 twelve months. 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 equities research analysts have issued twelve-month price targets for MEG Energy's shares. 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 13.4% 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 shares have increased by 13.8% and is now trading at C$21.46. 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) issued its quarterly earnings data on Monday, May, 1st. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.07. The firm earned $1.48 billion during the quarter, compared to the consensus estimate of $1.21 billion. MEG Energy had a net margin of 10.24% and a trailing twelve-month return on equity of 14.53%. 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$21.46. How much money does MEG Energy make? MEG Energy (TSE:MEG) has a market capitalization of C$6.17 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$2.06 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 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MEG Energy Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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