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TSE:MEGMEG Energy Stock Price, Forecast & News

C$2.92
+0.21 (+7.75 %)
(As of 04/7/2020 03:57 PM ET)
Add
Compare
Today's Range
C$2.61
Now: C$2.92
C$3.37
50-Day Range
C$1.22
MA: C$3.99
C$7.31
52-Week Range
C$1.13
Now: C$2.92
C$8.07
Volume13.50 million shs
Average Volume4.41 million shs
Market CapitalizationC$874.56 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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. It primarily engages in a steam-assisted gravity drainage oil sands development at its Christina Lake project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
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MEG Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.01 out of 5 stars


Industry, Sector and Symbol

Industry Independent Oil & Gas
Sub-IndustryN/A
SectorBasic Materials
CUSIPN/A
CIKN/A
Phone+1-403-7700446

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$3.93 billion
Cash FlowC$1.09 per share
Book ValueC$12.86 per share

Profitability

Miscellaneous

Employees510
Market CapC$874.56 million
Next Earnings Date5/4/2020 (Estimated)
OptionableNot Optionable

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MEG Energy (TSE:MEG) Frequently Asked Questions

How has MEG Energy's stock been impacted by COVID-19 (Coronavirus)?

MEG Energy's stock was trading at C$2.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MEG stock has increased by 7.4% and is now trading at C$2.92. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MEG Energy?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MEG Energy.

When is MEG Energy's next earnings date?

MEG Energy is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for MEG Energy.

How were MEG Energy's earnings last quarter?

MEG Energy Corp (TSE:MEG) announced its quarterly earnings data on Wednesday, March, 4th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.06 by $0.03. The business had revenue of $992 million for the quarter, compared to analyst estimates of $760.01 million. View MEG Energy's earnings history.

What price target have analysts set for MEG?

9 brokers have issued 1-year price targets for MEG Energy's shares. Their forecasts range from C$2.50 to C$17.00. On average, they expect MEG Energy's share price to reach C$7.65 in the next twelve months. This suggests a possible upside of 162.0% from the stock's current price. View analysts' price targets for MEG Energy.

Has MEG Energy been receiving favorable news coverage?

Headlines about MEG stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. MEG Energy earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMEG Energy.

Who are some of MEG Energy's key competitors?

What other stocks do shareholders of MEG Energy own?

Who are MEG Energy's key executives?

MEG Energy's management team includes the following people:
  • Mr. Eric Lloyd Toews CPA, CA, Chief Financial Officer
  • Mr. Chi-Tak Yee, Chief Operating Officer
  • Mr. Derek W. Evans B.Sc., P. Eng., Pres, CEO & Director (Age 62)
  • Mr. Grant Kenneth Donald Borbridge, Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Ms. Tara McCool, VP of People & Corp. Identity

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 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$2.92.

How big of a company is MEG Energy?

MEG Energy has a market capitalization of C$874.56 million and generates C$3.93 billion in revenue each year. MEG Energy employs 510 workers across the globe. View additional information about MEG Energy.

What is MEG Energy's official website?

The official website for MEG Energy is http://www.megenergy.com/.

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 4/7/2020 by MarketBeat.com Staff

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