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Elon Musk Sees Serious Crisis (Ad)
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Closing prices for crude oil, gold and other commodities
S&P 500   3,963.51
DOW   33,781.48
QQQ   283.85
101 Christmas Gift Ideas Under $40
Elon Musk Sees Serious Crisis (Ad)
This Is Why Daktronics Fell 40% In One Day 
On the money: Yellen's next milestone is name on US currency
Elon Musk Sees Serious Crisis (Ad)
Biden releasing nearly $36B to aid pensions of union workers
Is It Time To Throw In The Towel On Gamestop?
Elon Musk Sees Serious Crisis (Ad)
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Closing prices for crude oil, gold and other commodities
S&P 500   3,963.51
DOW   33,781.48
QQQ   283.85
101 Christmas Gift Ideas Under $40
Elon Musk Sees Serious Crisis (Ad)
This Is Why Daktronics Fell 40% In One Day 
On the money: Yellen's next milestone is name on US currency
Elon Musk Sees Serious Crisis (Ad)
Biden releasing nearly $36B to aid pensions of union workers
Is It Time To Throw In The Towel On Gamestop?
Elon Musk Sees Serious Crisis (Ad)
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Closing prices for crude oil, gold and other commodities
S&P 500   3,963.51
DOW   33,781.48
QQQ   283.85
101 Christmas Gift Ideas Under $40
Elon Musk Sees Serious Crisis (Ad)
This Is Why Daktronics Fell 40% In One Day 
On the money: Yellen's next milestone is name on US currency
Elon Musk Sees Serious Crisis (Ad)
Biden releasing nearly $36B to aid pensions of union workers
Is It Time To Throw In The Towel On Gamestop?
Elon Musk Sees Serious Crisis (Ad)
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Closing prices for crude oil, gold and other commodities
TSE:MEG

MEG Energy - MEG Stock Forecast, Price & News

C$17.22
-0.43 (-2.44%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
C$17.21
C$18.07
50-Day Range
C$15.46
C$20.84
52-Week Range
C$10.03
C$24.47
Volume
3.51 million shs
Average Volume
2.83 million shs
Market Capitalization
C$5.13 billion
P/E Ratio
5.84
Dividend Yield
N/A
Price Target
C$21.54
MEG stock logo

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

MEG Energy (TSE:MEG) Upgraded at JPMorgan Chase & Co.
MEG Crosses Above Key Moving Average Level
Canadian Market Modestly Higher Around Noon
TSX Follows U.S. Counterparts down Elevator Shaft
These 2 Commodity Stocks May Be Super Cheap
MEG Energy Corp. (MEG.TO)
Why MEG Energy (TSX:MEG) is Among the Best TSX Energy Stocks
Is the MEG Energy share price too low?
See More Headlines
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MEG Company Calendar

Last Earnings
7/27/2017
Today
12/09/2022
Next Earnings (Estimated)
3/02/2023

Industry, Sector and Symbol

Industry
Independent Oil & Gas
Sub-Industry
N/A
CIK
N/A
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
+25.1%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.98 billion
Cash Flow
C$0.51 per share
Book Value
C$14.65 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.13 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













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 year. 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 twelve-month price targets for MEG Energy's shares. Their MEG share price forecasts range from C$15.00 to C$26.00. On average, they anticipate the company's stock price to reach C$21.54 in the next twelve months. This suggests a possible upside of 25.1% 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 47.2% and is now trading at C$17.22.
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) released 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.

What other stocks do shareholders of MEG Energy own?
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$17.22.

How much money does MEG Energy make?

MEG Energy (TSE:MEG) has a market capitalization of C$5.13 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 12/9/2022 by MarketBeat.com Staff