TSE:MEG

MEG Energy - MEG Stock Forecast, Price & News

C$17.86

-1.13 (-5.95%)

(As of 12/6/2022 12:00 AM ET)

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Today's Range: C$17.70
▼
C$19.14
50-Day Range: C$15.46
▼
C$20.84
52-Week Range: C$10.03
▼
C$24.47

Volume: 4.32 million shs
Average Volume: 2.83 million shs
Market Capitalization: C$5.32 billion

P/E Ratio: 6.05
Dividend Yield: N/A
Price Target: C$21.96

About MEG Energy (TSE:MEG) Stock

MEG 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.

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MEG Stock News Headlines

November 30, 2022 | msn.com

The Oil Boom Isn’t Over: These 2 Energy Stocks Could Rebound Sharply in 2023

November 16, 2022 | finance.yahoo.com

Despite shrinking by CA$325m in the past week, MEG Energy (TSE:MEG) shareholders are still up 277% over 3 years

November 9, 2022 | finance.yahoo.com

MEG Energy announces record quarterly production, strong Q3 results, and achievement of its US$1.2 billion net debt target

November 3, 2022 | nasdaq.com

Canadian Market Down Marginally At Noon In Cautious Trade

October 28, 2022 | msn.com

3 Top Undervalued TSX Stocks to Buy Right Now

October 12, 2022 | finance.yahoo.com

MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 91% Above Its Share Price

October 7, 2022 | msn.com

Why MEG Energy (TSX:MEG) Stock Lost 16% in September

October 4, 2022 | theglobeandmail.com

Alberta releases list of storage sites for carbon capture projects

October 4, 2022 | nasdaq.com

MEG Crosses Above Key Moving Average Level

September 30, 2022 | benzinga.com

Monoethylene Glycol Market is expected to generate a revenue of USD 34.99 Billion by 2027, Globally, at 4.47% CAGR: Verified Market Research®

September 27, 2022 | markets.businessinsider.com

Canadian Market Modestly Higher Around Noon

September 26, 2022 | msn.com

TSX Today: What to Watch for in Stocks on Monday, September 26

September 21, 2022 | baystreet.ca

TSX Follows U.S. Counterparts down Elevator Shaft

September 21, 2022 | msn.com

These 2 Commodity Stocks May Be Super Cheap

September 10, 2022 | finance.yahoo.com

MEG Energy Corp. (MEG.TO)

September 6, 2022 | ca.finance.yahoo.com

Why MEG Energy (TSX:MEG) is Among the Best TSX Energy Stocks

August 25, 2022 | ca.finance.yahoo.com

Don’t Miss These Undervalued TSX Stocks That Could Boost Your Returns

August 17, 2022 | ca.finance.yahoo.com

2 Hot Canadian Energy Stocks to Buy Amid the Ongoing Correction

July 29, 2022 | msn.com

Why MEG Energy (TSX:MEG) Stock Seems Ready to Break Out

July 28, 2022 | finance.yahoo.com

MEG Energy announces second quarter results including continued debt repayment, inaugural share repurchases and renewal of credit facilities

July 11, 2022 | msn.com

Is MEG Energy Stock a Buy After its Recent Dip?

July 5, 2022 | uk.finance.yahoo.com

Is the MEG Energy share price too low?

June 22, 2022 | finance.yahoo.com

CANADA STOCKS-TSX down on energy slump, hot inflation data

June 21, 2022 | msn.com

Canada shares higher at close of trade; S&P/TSX Composite up 0.38%

June 21, 2022 | ca.finance.yahoo.com

Stocks Continue Recovery

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30 days | 90 days | 365 days | Advanced Chart

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MEG Company Calendar

Last Earnings: 7/27/2017
Today: 12/06/2022
Next Earnings (Estimated): 3/02/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Independent Oil & Gas
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:MEG
CUSIP: N/A
CIK: N/A
Web: www.megenergy.com
Phone: +1-403-7700446
Fax: N/A
Employees: 411
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$21.54
High Stock Price Forecast: C$26.00
Low Stock Price Forecast: C$15.00
Forecasted Upside/Downside: +22.9%
Consensus Rating: Hold
Rating Score (0-4): 2.18
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 6.05
Forward P/E Ratio: 6.95
P/E Growth: 0.19
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 46.49
Current Ratio: 1.63
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: C$5.98 billion
Price / Sales: 0.89
Cash Flow: C$0.53 per share
Price / Cash Flow: 33.70
Book Value: C$14.65 per share
Price / Book: 1.22

Miscellaneous

Outstanding Shares: 298,000,000
Free Float: N/A
Market Cap: C$5.32 billion
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Derek W. Evans B.Sc. (Age 65)
P. Eng., Pres, CEO & Director
Comp: $1.7M

Ms. Darlene M. Gates
Chief Operating Officer

Mr. Chi-Tak Yee P.Eng.
Chief Technology Officer

Mr. Lyle S. Yuzdepski
Sr. VP of Legal, Gen. Counsel & Corp. Sec.

Mr. Eric Lloyd Toews C.A.
CPA, CA, CPA, Exec. Officer

Mr. Ryan M. Kubik C.A. (Age 54)
CA, CFA, Chief Financial Officer

Ms. Helen Kelly MBA
Director of Investor Relations

Mr. David Michael Granger
VP HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MEG Stock - Frequently Asked Questions

Should I buy or sell MEG Energy stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEG, but not buy additional shares or sell existing shares.
View MEG analyst ratings or view top-rated stocks.
What is MEG Energy's stock price forecast for 2023?: 11 brokers have issued 1-year target prices for MEG Energy's stock. Their MEG share price forecasts range from C$15.00 to C$26.00. On average, they expect the company's stock price to reach C$21.54 in the next year. This suggests a possible upside of 20.6% 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 2022?: MEG Energy's stock was trading at C$11.70 at the beginning of 2022. Since then, MEG shares have increased by 52.6% and is now trading at C$17.86.
View the best growth stocks for 2022 here.
When is MEG Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our MEG earnings forecast.
How were MEG Energy's earnings last quarter?: MEG Energy Corp. (TSE:MEG) announced its quarterly earnings results on Thursday, July, 27th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. The business earned $574.03 million during the quarter.

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$17.86.
How much money does MEG Energy make?: MEG Energy (TSE:MEG) has a market capitalization of C$5.32 billion and generates C$5.98 billion in revenue each year.
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 12/7/2022 by MarketBeat.com Staff

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