MEG Energy Corp., an oil sands company, focuses on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. The company owns a 100% interest in approximately 900 square miles of oil sands leases in the southern Athabasca oil sands region of northern Alberta, as well as primarily engages in a steam-assisted gravity drainage oil sands development at its Christina Lake project. It also owns a 100% interest in the Stonefell Terminal, which offers 900,000 barrel blend and condensate storage facility located near Edmonton, Alberta; and a 50% interest in the Access Pipeline, a dual pipeline system that connects the Christina Lake Project in the Edmonton, Alberta area. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
Industry, Sector and Symbol
Stock Exchange TSE
Industry Independent Oil & Gas
Sub-IndustryN/A
SectorBasic Materials
Current SymbolTSE:MEG
Previous Symbol
CUSIPN/A
Phone+1-403-7700446
Debt
Debt-to-Equity Ratio87.50
Current Ratio1.56
Quick Ratio1.35
Price-To-Earnings
Trailing P/E Ratio42.51
Forward P/E Ratio24.84
P/E Growth-0.2
Sales & Book Value
Annual SalesC$2.93 billion
Price / Sales0.81
Cash FlowC$1.22 per share
Price / Cash Flow6.50
Book ValueC$13.71 per share
Price / Book0.58
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees509
Outstanding Shares296,751,000
Market CapC$0.00
OptionableNot Optionable
MEG Energy (TSE:MEG) Frequently Asked Questions
What is MEG Energy's stock symbol?
MEG Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MEG."
How were MEG Energy's earnings last quarter?
MEG Energy Corp (TSE:MEG) issued its earnings results on Thursday, November, 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The company earned $787.38 million during the quarter, compared to analyst estimates of $818.91 million. View MEG Energy's Earnings History.
When is MEG Energy's next earnings date?
What price target have analysts set for MEG?
10 brokerages have issued 1 year target prices for MEG Energy's shares. Their forecasts range from C$7.00 to C$13.00. On average, they expect MEG Energy's stock price to reach C$10.04 in the next year. This suggests a possible upside of 26.2% from the stock's current price. View Analyst Price Targets for MEG Energy.
What is the consensus analysts' recommendation for MEG Energy?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MEG Energy.
Has MEG Energy been receiving favorable news coverage?
Press coverage about MEG stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MEG Energy earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.
Who are some of MEG Energy's key competitors?
Some companies that are related to MEG Energy include Almaden Minerals (AMM), Altai Resources (ATI), American Patriot Oil & Gas (AOW), Argos Resources (ARG), Armour Energy (AJQ), Ascent Resources (AST), Athabasca Oil (ATH), Bahamas Petroleum (BPC), Bayshore Petroleum (BSH), Beach Energy (BPT), Bellatrix Exploration (BXE), Bengal Energy (BNG), Borders & Southern Petroleum (BOR), Byron Energy (BYE) and Cairn Energy (CNE).
Who are MEG Energy's key executives?
MEG Energy's management team includes the folowing people:
- Mr. Eric Lloyd Toews, Chief Financial Officer
- Mr. Chi-Tak Yee, Chief Operating Officer
- Mr. John M. Rogers, VP of Investor Relations & External Communications
- Mr. Derek W. Evans B.Sc., P. Eng., CEO, Pres & Director (Age 61)
- Mr. Grant Kenneth Donald Borbridge, Sr. VP of Legal & Gen. Counsel
How do I buy shares of MEG Energy?
Shares of MEG 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.
What is MEG Energy's stock price today?
One share of MEG stock can currently be purchased for approximately C$7.95.
What is MEG Energy's official website?
How can I contact MEG Energy?
MEG Energy's mailing address is 520 3 Ave SW 8th Floor, CALGARY, AB T2P 0R3, Canada. The company can be reached via phone at +1-403-7700446.
MarketBeat Community Rating for MEG Energy (TSE MEG)
MarketBeat's community ratings are surveys of what our community members think about MEG Energy and other stocks. Vote "Outperform" if you believe MEG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MEG will underperform the S&P 500 over the long term. You may vote once every thirty days.
