TSE:MEG

MEG Energy Stock Forecast, Price & News

C$7.95

-0.16 (-1.97 %)

(As of 07/28/2021 10:39 AM ET)

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Today's Range

C$7.89

▼

C$8.11

50-Day Range

C$7.38

▼

C$9.33

52-Week Range

C$2.14

▼

C$9.60

Volume334,046 shs

Average Volume2.75 million shs

Market CapitalizationC$2.44 billion

P/E Ratio41.62

Dividend YieldN/A

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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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.

MEG Energy Corp. (TSE:MEG) Given Consensus Recommendation of "Hold" by Brokerages
July 28, 2021 | americanbankingnews.com

JPMorgan Chase & Co. Increases MEG Energy (TSE:MEG) Price Target to C$11.50
July 26, 2021 | americanbankingnews.com

UBS Group Analysts Give MEG Energy (TSE:MEG) a C$9.00 Price Target
July 26, 2021 | americanbankingnews.com

MEG Energy (TSE:MEG) PT Raised to C$13.50
July 26, 2021 | americanbankingnews.com

Tudor Pickering Increases MEG Energy (TSE:MEG) Price Target to C$10.00
July 23, 2021 | americanbankingnews.com

MEG Energy (TSE:MEG) PT Set at C$14.50 by National Bank Financial
July 23, 2021 | americanbankingnews.com

MEG Energy (TSE:MEG) PT Set at C$10.00 by Tudor Pickering & Holt
July 23, 2021 | americanbankingnews.com

MEG Energy boosts 2021 production guidance after reporting strong second quarter profits
July 23, 2021 | theglobeandmail.com

MEG Energy's (MEG) Neutral Rating Reaffirmed at CIBC
July 23, 2021 | americanbankingnews.com

MEG Energy Announces US$100 Million Debt Repayment
July 22, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Independent Oil & Gas
Sub-IndustryN/A
SectorBasic Materials
Current SymbolTSE:MEG
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.megenergy.com
Phone+1-403-7700446
Employees391
Year FoundedN/A

Sales & Book Value

Annual SalesC$3.24 billion
Price / Sales0.75
Cash FlowC$0.51 per share
Price / Cash Flow15.66
Book ValueC$11.62 per share
Price / Book0.68

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares306,716,000
Market CapC$2.44 billion
Next Earnings Date10/25/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.97 out of 5 stars

3.2 Analyst's Opinion

Consensus Rating
MEG Energy has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$9.59, MEG Energy has a forecasted upside of 18.2% from its current price of C$8.11.
Amount of Analyst Coverage
MEG Energy has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
MEG Energy has received 386 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
MEG Energy has received 227 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
MEG Energy has received 62.97% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
MEG Energy does not currently pay a dividend.
Dividend Growth
MEG Energy does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MEG Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$87,780.00 in company stock and sold C$0.00 in company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MEG Energy is 42.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of MEG Energy is 42.46, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 28.55.
Price to Earnings Growth Ratio
MEG Energy has a PEG Ratio of 0.42. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
MEG Energy has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MEG Energy stock. 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 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 "Hold" 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) announced its earnings results on Monday, May, 3rd. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $914 million for the quarter, compared to the consensus estimate of $901.02 million.
View MEG Energy's earnings history.

How has MEG Energy's stock been impacted by Coronavirus?

MEG Energy's stock was trading at C$2.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEG shares have increased by 190.4% and is now trading at C$7.90.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for MEG?

13 Wall Street analysts have issued twelve-month target prices for MEG Energy's shares. Their forecasts range from C$3.00 to C$14.50. On average, they expect MEG Energy's share price to reach C$9.59 in the next twelve months. This suggests a possible upside of 21.4% 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?

Some companies that are related to MEG Energy include Linamar (LNR), Crescent Point Energy (CPG), Paramount Resources (POU), Vermilion Energy (VET), GMP Capital Inc. (GMP.TO) (GMP), Mainstreet Equity (MEQ), Great Bear Resources (GBR), NuVista Energy (NVA), Cairn Energy (CNE), Seplat Petroleum Development (SEPL), Athabasca Oil (ATH), Serica Energy (SQZ), Genel Energy (GENL), Ophir Energy (OPHR) and Gran Tierra Energy (GTE).
View all of MEG's competitors.

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 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$7.90.

How much money does MEG Energy make?

MEG Energy has a market capitalization of C$2.42 billion and generates C$3.24 billion in revenue each year.

How many employees does MEG Energy have?

MEG Energy employs 391 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 7/28/2021 by MarketBeat.com Staff

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