TSE:MEG

MEG Energy Stock Forecast, Price & News

C$8.49
-0.24 (-2.75 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
C$8.35
C$8.70
50-Day Range
C$7.08
C$8.89
52-Week Range
C$2.14
C$9.60
Volume2.85 million shs
Average Volume2.48 million shs
Market CapitalizationC$2.60 billion
P/E Ratio44.45
Dividend YieldN/A
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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MEG Energy logo

About MEG Energy

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. The company owns a 100% interest in approximately 450 square miles of mineral leases. It is developing 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. It primarily engages in sustainable in situ thermal oil production at its Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.

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MarketRank

Overall MarketRank

2.19 out of 5 stars

Analyst Opinion: 3.3Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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MEG Energy (TSE:MEG) Frequently Asked Questions

Is MEG Energy a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MEG Energy stock.
View analyst ratings for MEG Energy
or view top-rated stocks.

What stocks does MarketBeat like better than MEG Energy?

Wall Street analysts have given MEG Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MEG Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is MEG Energy's next earnings date?

MEG Energy is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for MEG Energy
.

How were MEG Energy's earnings last quarter?

MEG Energy Corp. (TSE:MEG) released its earnings results on Thursday, July, 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.13 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $971.65 million.
View MEG Energy's earnings history
.

How has MEG Energy's stock price been impacted by COVID-19?

MEG Energy's stock was trading at C$2.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MEG shares have increased by 212.1% and is now trading at C$8.49.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for MEG?

13 brokers have issued 1-year price targets for MEG Energy's stock. Their forecasts range from C$3.00 to C$14.50. On average, they anticipate MEG Energy's stock price to reach C$9.56 in the next year. This suggests a possible upside of 12.6% from the stock's current price.
View analysts' price targets for MEG Energy
or view top-rated stocks among Wall Street analysts.

Who are MEG Energy's key executives?

MEG Energy's management team includes the following people:
  • Mr. Derek W. Evans B.Sc., P. Eng., Pres, CEO & Director (Age 64, Pay $1.4M)
  • Mr. Eric Lloyd Toews CPA, CA, Chief Financial Officer
  • Mr. Chi-Tak Yee, Chief Operating Officer
  • Mr. Lyle S. Yuzdepski, Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Ms. Helen Kelly MBA, Director of Investor Relations
  • Mr. David Michael Granger, VP HR

Who are some of MEG Energy's key competitors?

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 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$8.49.

How much money does MEG Energy make?

MEG Energy has a market capitalization of C$2.60 billion and generates C$3.24 billion in revenue each year.

How many employees does MEG Energy have?

MEG Energy employs 1,675 workers across the globe.

What is MEG Energy's official website?

The official website for MEG Energy is www.megenergy.com.

Where are MEG Energy's headquarters?

MEG Energy is headquartered at 520 3 Ave SW 8th Floor, CALGARY, AB T2P 0R3, Canada.

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.


This page was last updated on 9/19/2021 by MarketBeat.com Staff
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