About MEG Energy (TSE:MEG)
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
SymbolTSE:MEG
CUSIPN/A
Phone+1-403-7700446
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins-3.15%
Return on Equity-2.40%
Return on Assets-1.02%
Miscellaneous
EmployeesN/A
Outstanding Shares294,104,000
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 (TSE:MEG) announced its quarterly earnings results on Thursday, February, 8th. The company reported $0.15 earnings per share for the quarter. The company earned $755 million during the quarter. MEG Energy had a negative return on equity of 2.40% and a negative net margin of 3.15%. View MEG Energy's Earnings History.
When is MEG Energy's next earnings date?
What price target have analysts set for MEG?
7 Wall Street analysts have issued 12-month target prices for MEG Energy's shares. Their predictions range from C$5.25 to C$9.00. On average, they expect MEG Energy's stock price to reach C$7.00 in the next twelve months. View Analyst Ratings for MEG Energy.
Who are some of MEG Energy's key competitors?
Some companies that are related to MEG Energy include Beach Energy (BPT), Paramount Resources (POU), Gran Tierra Energy (GTE), NuVista Energy (NVA), Calfrac Well Services (CFW), Hurricane Energy (HUR), Nostrum Oil & Gas (NOG), Athabasca Oil (ATH), Ophir Energy (OPHR), Genel Energy (GENL), Faroe Petroleum (FPM), Mainstreet Equity (MEQ), SOCO International (SIA), GMP Capital (GMP), Lilis Energy (LLEX), Serica Energy (SQZ), Delphi Energy (DEE) and Gastar Exploration (GST).
Who are MEG Energy's key executives?
MEG Energy's management team includes the folowing people:
- Mr. William J. McCaffrey P.Eng., Chief Exec. Officer, Pres and Director (Age 60)
- Mr. Eric Lloyd Toews CPA, CA, Chief Financial Officer
- Mr. Chi-Tak Yee, Sr. VP of Operations, Resource & Technology Devel.
- Mr. Donald G. Moe, Sr. VP of Supply & Marketing
- Mr. John M. Rogers CA, VP of Investor Relations and External Communications
Has MEG Energy been receiving favorable news coverage?
Headlines about MEG stock have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MEG Energy earned a daily sentiment score of 0.12 on Accern's scale. They also assigned media coverage about the company an impact score of 45.83 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
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$6.51.
How big of a company is MEG Energy?
MEG Energy has a market capitalization of C$1.42 billion.
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 (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.
MEG Energy (TSE:MEG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for MEG Energy in the last 12 months. Their average twelve-month price target is C$7.00, suggesting that the stock has a possible upside of 7.53%. The high price target for MEG is C$9.00 and the low price target for MEG is C$5.25. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Buy | Hold |
| Consensus Rating Score: | 2.29 | 2.29 | 2.57 | 2.43 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | C$7.00 | C$7.00 | C$7.15 | C$7.30 |
| Price Target Upside: | 7.53% upside | 44.33% upside | 42.43% upside | 36.96% upside |
MEG Energy (TSE:MEG) Consensus Price Target History
MEG Energy (TSE:MEG) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
MEG Energy (TSE:MEG) Earnings History and Estimates Chart
MEG Energy (TSE MEG) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/10/2018 | | | | | | | | |
| 2/8/2018 | Q4 2017 | | C$0.15 | | C$755.00 million | View | N/A |  |
| 10/26/2017 | Q3 2017 | C($0.08) | C($0.14) | | C$546.08 million | View | N/A | |
| 7/27/2017 | Q2 2017 | C($0.17) | C($0.12) | | C$574.03 million | View | N/A | |
| 5/11/2017 | Q1 2017 | C($0.23) | C($0.29) | | C$560.00 million | View | N/A | |
| 2/9/2017 | Q4 2016 | C($0.33) | C($0.32) | | C$565.77 million | View | N/A | |
| 10/27/2016 | Q3 2016 | C($0.40) | C($0.39) | | C$497.00 million | View | N/A | |
| 7/28/2016 | Q2 2016 | C($0.35) | C($0.44) | C$311.00 million | C$513.00 million | View | N/A | |
| 4/28/2016 | Q1 2016 | C($0.71) | C($0.88) | C$417.00 million | C$290.00 million | View | N/A | |
| 2/4/2016 | Q4 2015 | C($0.57) | C($0.62) | | C$445.00 million | View | N/A | |
| 10/28/2015 | Q3 2015 | C($0.43) | C($0.39) | | C$460.00 million | View | N/A | |
| 7/28/2015 | Q2 2015 | C($0.26) | C($0.10) | | C$555.00 million | View | N/A | |
| 5/7/2015 | Q1 2015 | C($0.27) | C($0.61) | | C$467.00 million | View | N/A | |
| 2/5/2015 | Q4 2014 | C$0.48 | C$0.16 | | C$615.00 million | View | N/A | |
| 10/29/2014 | Q2 | C($0.12) | C$0.23 | C$759.29 million | C$706.42 million | View | Listen | |
| 7/30/2014 | | C$0.48 | C$0.49 | C$670.69 million | C$829.19 million | View | N/A | |
| 4/30/2014 | | C$0.28 | C$0.18 | C$484.78 million | C$679.56 million | View | N/A | |
| 3/5/2014 | Q4 2013 | C($0.04) | C($0.15) | C$319.56 million | C$350.34 million | View | N/A | |
| 10/24/2013 | Q3 2013 | C$0.23 | C$0.51 | C$371.71 million | C$401.83 million | View | N/A | |
| 7/30/2013 | Q2 2013 | C$0.04 | C$0.02 | C$273.81 million | C$324.36 million | View | N/A | |
| 4/24/2013 | Q1 2013 | C($0.12) | C($0.16) | C$259.50 million | C$257.97 million | View | N/A | |
| 1/31/2013 | Q4 2012 | C$0.03 | C($0.10) | | | View | N/A | |
| 10/25/2012 | Q3 2012 | C($0.03) | C($0.06) | | | View | N/A | |
| 7/26/2012 | Q2 2012 | C$0.09 | C($0.15) | | | View | N/A | |
| 4/26/2012 | Q1 2012 | C$0.15 | C$0.12 | | | View | N/A | |
| 2/2/2012 | Q4 2011 | C$0.20 | C$0.46 | | | View | N/A | |
| 10/26/2011 | Q3 2011 | C$0.03 | C($0.05) | | | View | N/A | |
| 7/27/2011 | Q2 2011 | C$0.23 | C$0.21 | | | View | N/A | |
| 4/28/2011 | Q1 2011 | C$0.09 | C$0.23 | | | View | N/A | |
| 2/3/2011 | Q4 2010 | C$0.10 | C$0.24 | | | View | N/A | |
| 10/29/2010 | Q3 2010 | | C$0.14 | | | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
MEG Energy (TSE:MEG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
MEG Energy (TSE MEG) Insider Trading and Institutional Ownership History
MEG Energy (TSE MEG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/12/2018 | Donald Sutherland | Insider | Sell | 400 | C$5.77 | C$2,308.00 | | |
| 2/28/2018 | Pincus & Co. Warburg | Insider | Sell | 21,782,705 | C$4.85 | C$105,646,119.25 | | |
| 12/15/2017 | William Robert Klesse | Director | Buy | 700 | C$3.61 | C$2,527.00 | | |
| 7/11/2017 | William Robert Klesse | Director | Buy | 500 | C$2.68 | C$1,340.00 | | |
| 6/7/2017 | Eric Lloyd Toews | Insider | Buy | 10,000 | C$4.60 | C$46,000.00 | | |
| 3/21/2017 | Timothy Edward Hodgson | Director | Buy | 8,000 | C$6.16 | C$49,280.00 | | |
| 1/13/2017 | Chi-Tak Yee | Insider | Buy | 5,000 | C$7.73 | C$38,650.00 | | |
| 1/12/2017 | Diana Janet Mcqueen | Director | Buy | 1,250 | C$7.89 | C$9,862.50 | | |
| 6/7/2016 | Stephen R Diotte | Insider | Sell | 3,100 | C$6.69 | C$20,739.00 | | |
| 1/14/2016 | John Garry Mccoshen | Insider | Buy | 2,100 | C$4.97 | C$10,437.00 | | |
| 1/13/2016 | Eric Lloyd Toews | Insider | Buy | 20,000 | C$4.99 | C$99,800.00 | | |
| 12/21/2015 | Stephen R Diotte | Insider | Buy | 100 | C$7.78 | C$778.00 | | |
| 12/17/2015 | Chi-Tak Yee | Insider | Buy | 1,000 | C$7.50 | C$7,500.00 | | |
| 10/7/2015 | John Martin Rogers | Insider | Buy | 20,000 | C$12.00 | C$240,000.00 | | |
| 10/6/2015 | John Martin Rogers | Insider | Buy | 15,000 | C$10.31 | C$154,650.00 | | |
| 10/5/2015 | Stephen R Diotte | Insider | Sell | 1,017 | C$10.13 | C$10,302.21 | | |
| 9/16/2015 | Eric Lloyd Toews | Insider | Buy | 5,050 | C$8.61 | C$43,455.25 | | |
| 9/9/2015 | Chi-Tak Yee | Insider | Buy | 1,000 | C$8.82 | C$8,815.00 | | |
| 7/7/2015 | Stephen R Diotte | Insider | Sell | 1,000 | C$19.29 | C$19,290.00 | | |
| 12/1/2014 | Arnold Boyd Anderson | Director | Buy | 5,000 | C$18.77 | C$93,850.00 | | |
(Data available from 1/1/2013 forward)
MEG Energy (TSE MEG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | MEG Energy Announces Bill McCaffrey, Co-founder, Director, President & CEO is Retiring
finance.yahoo.com - April 23 at 8:59 AM |
 | MEG Energy's (MEG) "Sector Perform" Rating Reaffirmed at National Bank Financial
www.americanbankingnews.com - April 20 at 3:02 PM |
 | Tellurian’s CEO Has Got Some Gas to Sell You—Energy Journal
blogs.wsj.com - April 16 at 9:07 AM |
| MEG Energy (MEG) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 15 at 1:40 PM |
 | What Will It Take to Keep Up With Shale Gas Boom? $170 Billion
www.msn.com - April 11 at 9:51 AM |
 | Coal Dead? Peak Oil Demand? Five Takes on Fossil Fuels' Future
www.bloomberg.com - April 11 at 9:51 AM |
 | 'A Wrinkle in Time' star Storm Reid on working with Oprah Winfrey, Ava DuVernay and Reese Witherspoon
abcnews.go.com - April 2 at 4:40 PM |
| MEG Energy (MEG) Price Target Raised to C$6.25 at National Bank Financial
www.americanbankingnews.com - March 29 at 10:16 PM |
 | Is This Oil Sands Company Poised to Outperform?
www.fool.ca - March 29 at 9:36 AM |
 | Energy Stocks Ready For A Rally
www.nasdaq.com - March 27 at 9:38 AM |
| Energy Stocks Are Rebounding From Yesterday's Hefty Sell-Off
www.nasdaq.com - March 25 at 5:20 PM |
| MEG Energy (MEG) Given a C$6.00 Price Target by BMO Capital Markets Analysts
www.americanbankingnews.com - March 23 at 2:11 PM |
| MEG Energy Completes Sale of Access Pipeline and Stonefell Terminal
finance.yahoo.com - March 22 at 9:29 AM |
| MEG Energy Corp (MEG) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - March 21 at 1:22 PM |
| MEG Energy's Board of Directors approves filing of 2017 year-end disclosure documents
finance.yahoo.com - March 9 at 9:43 AM |
 | U.S. natural gas exporters predict new boom, thanks to surge in demand from China
www.cnbc.com - March 8 at 9:34 AM |
 | 5 things not to miss at CERAWeek in Texas energy
www.bizjournals.com - March 5 at 5:10 PM |
| Pincus & Co. Warburg Sells 21,782,705 Shares of MEG Energy Corp (MEG) Stock
www.americanbankingnews.com - March 1 at 9:10 PM |
| Did MEG Energy Corp (TSE:MEG) Create Value For Investors Over The Past Year?
finance.yahoo.com - February 27 at 9:16 AM |
| MEG Energy Corp (MEG) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 24 at 3:44 PM |
| MEG Energy (MEG) Price Target Raised to C$8.00
www.americanbankingnews.com - February 12 at 2:06 PM |
| MEG Energy (MEG) Price Target Raised to C$9.00 at Eight Capital
www.americanbankingnews.com - February 12 at 2:06 PM |
 | Meg Energy Corp. 2017 Q4 - Results - Earnings Call Slides
seekingalpha.com - February 9 at 5:02 PM |
| MEG Energy Corp. -- Moody's upgrades MEG's 2nd lien notes to B3
finance.yahoo.com - February 9 at 5:02 PM |
| MEG Energy (MEG) Upgraded at Raymond James Financial
www.americanbankingnews.com - February 9 at 2:44 PM |
| MEG Energy (MEG) Price Target Raised to C$9.00 at Royal Bank of Canada
www.americanbankingnews.com - February 9 at 2:44 PM |
| Energy Market Commentary: Oil Prices Hit Six-Week Low
www.nasdaq.com - February 8 at 4:15 PM |
| Wolf Midstream Inc. to Acquire Remaining 50% Interest in Access Pipeline
finance.yahoo.com - February 8 at 8:47 AM |
| MEG Energy Announces the Sale of Access Pipeline and Stonefell Terminal for $1.61 Billion
finance.yahoo.com - February 8 at 8:47 AM |
| MEG Energy reports strong fourth quarter and full-year 2017 results
finance.yahoo.com - February 8 at 8:47 AM |
| Canada's MEG Energy to sell pipeline, storage assets for C$1.61 bln
finance.yahoo.com - February 8 at 8:47 AM |
| MEG Energy holds conference call to discuss fourth quarter and full year 2017 operating and financial results
finance.yahoo.com - February 6 at 4:17 PM |
| The MEG market was valued at USD 24.41 billion in 2017 and is projected to reach USD 30.40 billion by 2022, at a CAGR of 4.5% from 2017 to 2022
www.bizjournals.com - February 5 at 4:16 PM |
| MEG Energy Corp (MEG) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - January 30 at 3:34 PM |
| Barclays Raises MEG Energy (MEG) Price Target to C$7.00
www.americanbankingnews.com - January 29 at 2:52 PM |
| MEG Energy (MEG) PT Set at C$8.00 by Eight Capital
www.americanbankingnews.com - January 11 at 5:34 PM |
| MEG Energy Corp. (MEG) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - January 5 at 3:52 PM |
| MEG Energy Breaks Above 200-Day Moving Average - Bullish for MEG
www.nasdaq.com - January 4 at 9:41 AM |
| MEG Energy (MEG) Price Target Cut to C$5.00
www.americanbankingnews.com - December 21 at 2:18 PM |
| MEG Energy News Release - December 13, 2017
finance.yahoo.com - December 13 at 10:02 AM |
| MEG Energy Corp. (MEG) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - December 11 at 4:30 PM |
| GMP Securities Raises MEG Energy (MEG) Price Target to C$7.00
www.americanbankingnews.com - December 4 at 2:38 PM |
 | BRIEF-MEG Energy Announces 2018 Capital Investment Plan
www.businessinsider.com - December 1 at 5:04 PM |
 | MEG Energy expects to produce more oil in 2018
www.reuters.com - December 1 at 5:04 PM |
| MEG Energy Corp. – Value Analysis (TORONTO:MEG) : November 29, 2017
finance.yahoo.com - November 29 at 5:27 PM |
| MEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : November 28, 2017
finance.yahoo.com - November 28 at 10:08 AM |
| ETFs with exposure to MEG Energy Corp. : November 27, 2017
finance.yahoo.com - November 27 at 4:58 PM |
| Keystone Pipeline Springs a Leak as Extension Decision Nears - Bloomberg
www.bloomberg.com - November 17 at 3:58 PM |
| MEG Energy (MEG) Shares Cross Below 200 DMA - Nasdaq
www.nasdaq.com - November 17 at 3:58 PM |
 | At midday: TSX falls as energy stocks follow oil lower
www.theglobeandmail.com - November 17 at 3:58 PM |
MEG Energy (TSE:MEG) SEC Filings
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MEG Energy (TSE MEG) Stock Chart for Monday, April, 23, 2018
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