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: www.megenergy.com/
Capitalization:
  • Market Cap: C$1.39 billion
  • Outstanding Shares: 293,282,000
Average Prices:
  • 50 Day Moving Avg: C$4.05
  • 200 Day Moving Avg: C$5.98
  • 52 Week Range: C$3.28 - C$9.83
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: -0.10
Sales & Book Value:
  • Annual Revenue: C$2.13 billion
  • Price / Sales: 0.65
  • Book Value: C$12.93 per share
  • Price / Book: 0.37
Profitability:
  • EBIDTA: C$392.4 million
  • Net Margins: 0.28%
  • Return on Equity: 0.18%
  • Return on Assets: 0.07%
Misc:
  • Average Volume: 1.55 million shs.
  • Short Ratio: 16.92
 
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) released its quarterly earnings data on Wednesday, October, 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.35. The company earned $706.42 million during the quarter, compared to analysts' expectations of $759.29 million. MEG Energy Corp had a net margin of 0.28% and a return on equity of 0.18%. 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?

8 equities research analysts have issued 12-month price objectives for MEG Energy Corp's shares. Their predictions range from C$4.00 to C$12.00. On average, they expect MEG Energy Corp's stock price to reach C$7.48 in the next year. View Analyst Ratings for MEG Energy Corp.

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

Who are MEG Energy Corp's key executives?

MEG Energy Corp's management team includes the folowing people:

  • Jeffrey James McCaig, Chairman of the Board
  • William J. McCaffrey, President, Chief Executive Officer, Director
  • Eric L. Toews, Chief Financial Officer
  • Donald G. Moe, Senior Vice President - Supply and Marketing
  • Grant W. Boyd, Senior Vice President - Resource Management Growth Properties
  • Jamey FitzGibbon, Senior Vice President - Resource Management, Christina Lake and Special Projects
  • Richard F. Sendall, Senior Vice President - Strategy and Government Relations
  • Chi-Tak Yee, Senior Vice President - Reservoir and Geosciences
  • John W. Nearing, Vice President - Finance, Controller
  • John Garry McCoshen, Vice President - Finance, Treasurer

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.

What is MEG Energy Corp's stock price today?

One share of MEG Energy Corp stock can currently be purchased for approximately C$4.74.


MarketBeat Community Rating for MEG Energy Corp (TSE MEG)
Community Ranking:  2.4 out of 5 ( )
Outperform Votes:  137 (Vote Outperform)
Underperform Votes:  144 (Vote Underperform)
Total Votes:  281
MarketBeat's community ratings are surveys of what our community members think about MEG Energy Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MEG Energy Corp (TSE:MEG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: C$7.48

Analysts' Ratings History for MEG Energy Corp (TSE:MEG)
Show:
DateFirmActionRatingPrice TargetDetails
7/20/2017CIBCLower Price TargetC$8.00 -> C$4.50View Rating Details
6/28/2017GMP SecuritiesDowngradeBuy -> HoldC$8.50 -> C$4.00View Rating Details
6/27/2017National Bank FinancialReiterated RatingSector PerformC$4.75View Rating Details
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
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
1/21/2016NomuraLower Price TargetC$15.00 -> C$6.00View Rating Details
(Data available from 7/26/2015 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: $-0.55 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
7/11/2017William Robert KlesseDirectorBuy500C$2.68C$1,340.00
6/7/2017Eric Lloyd ToewsInsiderBuy10,000C$4.60C$46,000.00
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
americanbankingnews.com logoCIBC Cuts MEG Energy Corp (TSE:MEG) Price Target to C$4.50
www.americanbankingnews.com - July 20 at 4:08 PM
americanbankingnews.com logoMEG Energy Corp (MEG) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - July 14 at 5:03 PM
News IconPRESS DIGEST- Canada-July 6 - Business Insider - Business Insider
www.businessinsider.com - July 7 at 7:22 AM
theglobeandmail.com logoStubborn glut hits oil prices, energy shares
www.theglobeandmail.com - July 5 at 4:22 PM
reuters.com logoCANADA STOCKS-TSX falls as energy stocks slump with oil prices
www.reuters.com - July 5 at 4:22 PM
bloomberg.com logoPrice Slump Stymies Rebirth of Canadian Oil Sands From Fire
www.bloomberg.com - July 1 at 8:09 PM
americanbankingnews.com logoMEG Energy Corp (MEG) Rating Lowered to Hold at GMP Securities
www.americanbankingnews.com - June 28 at 1:14 PM
nasdaq.com logoCANADA STOCKS-TSX futures get a lift from higher commodity prices - Nasdaq
www.nasdaq.com - June 27 at 11:43 PM
baystreet.ca logoToronto Stocks Inch Lower
www.baystreet.ca - June 27 at 6:39 PM
americanbankingnews.com logoMEG Energy Corp (MEG) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - June 19 at 4:40 PM
theglobeandmail.com logoOil tumbles to November lows as U.S. shale output surges
www.theglobeandmail.com - June 14 at 9:55 PM
americanbankingnews.com logoInsider Buying: MEG Energy Corp (MEG) Insider Purchases 10,000 Shares of Stock
www.americanbankingnews.com - June 12 at 1:56 PM
marketwatch.com logoRubicon Oilfield International Acquires World Oil Tools
www.marketwatch.com - June 12 at 9:21 AM
theglobeandmail.com logoUnexpected jump in U.S. oil supply hammers prices
www.theglobeandmail.com - June 7 at 11:10 PM
thestreet.com logoMEG Energy is Now Oversold (MEG)
www.thestreet.com - May 30 at 6:12 PM
finance.yahoo.com logoMEG Energy provides Annual and Special Meeting voting results
finance.yahoo.com - May 26 at 3:54 AM
americanbankingnews.com logoMEG Energy Corp (MEG) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - May 23 at 2:20 PM
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

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Chart

MEG Energy Corp (MEG) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff