TSE:MEG MEG Energy - MEG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MEG Energy Corp. Please log in to your account or sign up in order to add this asset to your watchlist. C$21.32 +0.16 (+0.76%) (As of 03/30/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$21.02▼C$21.5450-Day RangeC$18.88▼C$23.5252-Week RangeC$13.91▼C$24.47Volume1.29 million shsAverage Volume2.48 million shsMarket CapitalizationC$6.13 billionP/E Ratio7.33Dividend YieldN/APrice TargetC$23.67 ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media MEG Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside11.0% UpsideC$23.67 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.22Based on 5 Articles This WeekInsider TradingSelling SharesC$533,117 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.94 out of 5 stars 2.3 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$23.67, MEG Energy has a forecasted upside of 11.0% from its current price of C$21.32.Amount of Analyst CoverageMEG Energy has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MEG. Previous Next 0.0 Dividend Strength Dividend YieldMEG Energy does not currently pay a dividend.Dividend GrowthMEG Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEG. Previous Next 2.9 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for MEG Energy this week, compared to 1 article on an average week.Search Interest21 people have searched for MEG on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.MarketBeat Follows5 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$533,117.00 in company stock.Percentage Held by InsidersOnly 0.54% of the stock of MEG Energy is held by insiders.Percentage Held by InstitutionsOnly 36.08% of the stock of MEG Energy is held by institutions. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 7.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.35.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 7.33, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.75.Price to Earnings Growth RatioMEG Energy has a PEG Ratio of 0.17. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMEG Energy has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MEG Energy (TSE:MEG) StockMEG 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.Read More Receive MEG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address MEG Stock News HeadlinesMarch 30, 2023 | markets.businessinsider.comCIBC Sticks to Its Buy Rating for Spartan Delta (DALXF)March 30, 2023 | theglobeandmail.comClosing Bell: Meg Energy Corp up on Wednesday (MEG)March 30, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 30, 2023 | americanbankingnews.comMEG Energy (TSE:MEG) PT Lowered to C$25.00 at BMO Capital MarketsMarch 27, 2023 | ca.finance.yahoo.comTSX Keeps Streak AliveMarch 23, 2023 | americanbankingnews.comErik Alexander Alson Sells 28,786 Shares of MEG Energy Corp. (TSE:MEG) StockMarch 23, 2023 | americanbankingnews.comMEG Energy Corp. (TSE:MEG) Receives C$23.78 Consensus Target Price from AnalystsMarch 10, 2023 | markets.businessinsider.comCIBC Reaffirms Their Hold Rating on MEG Energy (MEGEF)March 30, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 8, 2023 | marketwatch.comMEG Energy Gets Green Light to Launch Buyback Program for 10% of Public FloatMarch 8, 2023 | finance.yahoo.comMEG Receives TSX Approval for Renewal of Normal Course Issuer BidMarch 4, 2023 | finance.yahoo.comNewsflash: MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Revenue ForecastsMarch 3, 2023 | msn.comMeg Energy GAAP EPS of $2.92, revenue of $6.11BFebruary 28, 2023 | theglobeandmail.comMEG Energy earns $159-million in fourth-quarter as it gets boost from higher oil pricesFebruary 13, 2023 | finance.yahoo.comMEG Energy Announces 2022 Annual Results and Conference CallFebruary 2, 2023 | theglobeandmail.comBullish on MEG Energy Corp.January 23, 2023 | msn.comLinefill on expanded Trans Mountain pipeline seen late in 2023, MEG Energy saysJanuary 23, 2023 | reuters.comMEG Energy says linefill on expanded Trans Mountain pipeline expected end-2023January 23, 2023 | finance.yahoo.comUPDATE 1-MEG Energy says linefill on expanded Trans Mountain pipeline expected end-2023January 20, 2023 | msn.comCan MEG Energy Stock Double in 2023 Like Last Year?January 19, 2023 | markets.businessinsider.comJ.P. Morgan Keeps Their Buy Rating on MEG Energy (MEGEF)January 19, 2023 | finance.yahoo.comOil Firms Eye $11 Billion Canada Fund to Match Biden’s SubsidiesJanuary 6, 2023 | finance.yahoo.comDoes MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?January 2, 2023 | marketwatch.comMonoethylene Glycol (MEG) Market Growth, 2023 Key Players, Share, Revenue, Trends, Organizations Size, Opportunities and Regional Forecast To 2030December 29, 2022 | wsj.comFinancial Services Roundup: Market TalkDecember 15, 2022 | theglobeandmail.comMEG Energy: Top 25 Undervalued Dividend Stocks on TSX (MEG)December 11, 2022 | theglobeandmail.comMEG Energy: Top 25 Undervalued Toronto Stock Exchange Stocks (MEG)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MEG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address MEG Company Calendar Last Earnings7/27/2017Today3/30/2023Next Earnings (Estimated)5/01/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Independent Oil & Gas Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees411Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$23.67 High Stock Price ForecastC$26.00 Low Stock Price ForecastC$21.00 Forecasted Upside/Downside+11.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.91 Trailing P/E Ratio7.33 Forward P/E Ratio9.39 P/E Growth0.17Net IncomeC$902 million Net Margins14.74% Pretax MarginN/A Return on Equity22.02% Return on Assets13.27% Debt Debt-to-Equity Ratio41.64 Current Ratio1.44 Quick Ratio1.17 Sales & Book Value Annual SalesC$6.12 billion Price / Sales1.00 Cash FlowC$0.73 per share Price / Cash Flow29.38 Book ValueC$15.06 per share Price / Book1.42Miscellaneous Outstanding Shares287,720,000Free FloatN/AMarket CapC$6.13 billion OptionableNot Optionable Beta2.90 Key ExecutivesMr. Derek W. Evans B.Sc. (Age 66)P. Eng., Pres, CEO & Director Comp: $1.7MMs. Darlene M. GatesChief Operating OfficerMr. Lyle S. YuzdepskiSr. VP of Legal, Gen. Counsel & Corp. Sec.Mr. Ryan M. Kubik C.A. (Age 55)CA, CFA, Chief Financial Officer Ms. Helen Kelly MBADirector of Investor RelationsMr. David Michael GrangerVP HRMore ExecutivesKey CompetitorsCrescent Point EnergyTSE:CPGParamount ResourcesTSE:POULinamarTSE:LNRVermilion EnergyTSE:VETNuVista EnergyTSE:NVAView All CompetitorsInsidersErik Alexander AlsonSold 28,786 sharesTotal: C$533,116.72 ($18.52/share)James D. McfarlandSold 5,000 sharesTotal: C$120,195.00 ($24.04/share)Chi-Tak YeeSold 84,900 sharesTotal: C$1.81 M ($21.30/share)Eric Lloyd ToewsSold 92,400 sharesTotal: C$1.80 M ($19.50/share)Eric Lloyd ToewsSold 69,000 sharesTotal: C$1.35 M ($19.50/share)View All Insider Transactions MEG Stock - Frequently Asked Questions Should I buy or sell MEG Energy stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MEG shares. View MEG analyst ratings or view top-rated stocks. What is MEG Energy's stock price forecast for 2023? 8 Wall Street analysts have issued 1 year target prices for MEG Energy's stock. Their MEG share price forecasts range from C$21.00 to C$26.00. On average, they anticipate the company's stock price to reach C$23.67 in the next year. This suggests a possible upside of 11.0% 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 2023? MEG Energy's stock was trading at C$18.85 on January 1st, 2023. Since then, MEG shares have increased by 13.1% and is now trading at C$21.32. View the best growth stocks for 2023 here. When is MEG Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. View our MEG earnings forecast. How were MEG Energy's earnings last quarter? MEG Energy Corp. (TSE:MEG) issued its quarterly earnings results on Thursday, July, 27th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. The firm had revenue of $574.03 million for the quarter. MEG Energy had a trailing twelve-month return on equity of 22.02% and a net margin of 14.74%. 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$21.32. How much money does MEG Energy make? MEG Energy (TSE:MEG) has a market capitalization of C$6.13 billion and generates C$6.12 billion in revenue each year. The company earns C$902 million in net income (profit) each year or C$2.91 on an earnings per share basis. 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 3/30/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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