TSE:MEG - MEG Energy Stock Price, Forecast & News

MEG Energy's stock was trading at C$2.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEG shares have decreased by 38.6% and is now trading at C$1.67. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MEG Energy.

MEG Energy is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for MEG Energy.

MEG Energy Corp (TSE:MEG) posted its quarterly earnings data on Thursday, July, 27th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. The business earned $574.03 million during the quarter. View MEG Energy's earnings history.

9 brokerages have issued 1-year price targets for MEG Energy's shares. Their forecasts range from C$2.50 to C$17.00. On average, they expect MEG Energy's share price to reach C$7.65 in the next twelve months. This suggests a possible upside of 358.1% from the stock's current price. View analysts' price targets for MEG Energy.

News articles about MEG stock have trended positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MEG Energy earned a news impact score of 3.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutMEG Energy.

Some companies that are related to MEG Energy include Cooper Energy (COE), Vermilion Energy (VET), Crescent Point Energy (CPG), Cairn Energy (CNE), Mainstreet Equity (MEQ), Ophir Energy (OPHR), Seplat Petroleum Development (SEPL), Great Bear Resources (GBR), Karoon Energy (KAR), Genel Energy (GENL), Galilee Energy (GLL), Carnarvon Petroleum (CVN), Hurricane Energy (HUR), Serica Energy (SQZ) and Contango Oil & Gas (MCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other MEG Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Athabasca Oil (ATH), First Quantum Minerals (FM), Crescent Point Energy (CPG), Enerplus (ERF), Kelt Exploration (KEL), Canadian Natural Resources (CNQ), Trican Well Service (TCW) and Birchcliff Energy (BIR).

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

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.

One share of MEG stock can currently be purchased for approximately C$1.67.

MEG Energy has a market capitalization of C$499.68 million and generates C$3.93 billion in revenue each year. MEG Energy employs 510 workers across the globe. View additional information about MEG Energy.

The official website for MEG Energy is http://www.megenergy.com/.

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.