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
Industry Independent Oil & Gas
Sub-IndustryN/A
SectorBasic Materials
Phone+1-403-7700446
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesC$2.93 billion
Profitability
Miscellaneous
Employees509
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) announced its quarterly earnings data on Thursday, July, 27th. The company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.17) by $0.05. The company had revenue of $574.03 million for the quarter. View MEG Energy's Earnings History.
When is MEG Energy's next earnings date?
What price target have analysts set for MEG?
11 Wall Street analysts have issued 12-month price objectives for MEG Energy's stock. Their predictions range from C$6.00 to C$13.00. On average, they anticipate MEG Energy's share price to reach C$8.39 in the next year. This suggests a possible upside of 56.6% from the stock's current price. View Analyst Price Targets for MEG Energy.
What is the consensus analysts' recommendation for MEG Energy?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MEG Energy.
Has MEG Energy been receiving favorable news coverage?
News stories about MEG stock have been trending positive this week, InfoTrie reports. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. MEG Energy earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of MEG Energy's key competitors?
Some companies that are related to MEG Energy include Vermilion Energy (VET), Beach Energy (BPT), Linamar (LNR), Crescent Point Energy (CPG), Paramount Resources (POU), Gran Tierra Energy (GTE), Nuvista Energy (NVA), Cooper Energy (COE), Athabasca Oil (ATH), Calfrac Well Services (CFW), Carnarvon Petroleum (CVN), Mainstreet Equity (MEQ), Karoon Energy (KAR), Byron Energy (BYE) and GMP Capital (GMP).
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 62)
- 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$5.36.
How big of a company is MEG Energy?
MEG Energy has a market capitalization of C$1.59 billion and generates C$2.93 billion in revenue each year. MEG Energy employs 509 workers across the globe.
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.
