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TSE:MEG

MEG Energy - MEG Stock Forecast, Price & News

C$21.32
+0.16 (+0.76%)
(As of 03/30/2023 12:00 AM ET)
Add
Compare
Today's Range
C$21.02
▼
C$21.54
50-Day Range
C$18.88
▼
C$23.52
52-Week Range
C$13.91
▼
C$24.47
Volume
1.29 million shs
Average Volume
2.48 million shs
Market Capitalization
C$6.13 billion
P/E Ratio
7.33
Dividend Yield
N/A
Price Target
C$23.67

MEG Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.0% Upside
C$23.67 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of MEG Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$533,117 Sold Last Quarter
Proj. Earnings Growth
N/A

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

See Top Rated MarketRank™ Stocks Here

MEG stock logo

About MEG Energy (TSE:MEG) Stock

MEG 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.

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MEG Stock News Headlines

March 30, 2023 | markets.businessinsider.com
CIBC Sticks to Its Buy Rating for Spartan Delta (DALXF)
March 30, 2023 | theglobeandmail.com
Closing 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.com
MEG Energy (TSE:MEG) PT Lowered to C$25.00 at BMO Capital Markets
March 27, 2023 | ca.finance.yahoo.com
TSX Keeps Streak Alive
March 23, 2023 | americanbankingnews.com
Erik Alexander Alson Sells 28,786 Shares of MEG Energy Corp. (TSE:MEG) Stock
March 23, 2023 | americanbankingnews.com
MEG Energy Corp. (TSE:MEG) Receives C$23.78 Consensus Target Price from Analysts
March 10, 2023 | markets.businessinsider.com
CIBC 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.com
MEG Energy Gets Green Light to Launch Buyback Program for 10% of Public Float
March 8, 2023 | finance.yahoo.com
MEG Receives TSX Approval for Renewal of Normal Course Issuer Bid
March 4, 2023 | finance.yahoo.com
Newsflash: MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Revenue Forecasts
March 3, 2023 | msn.com
Meg Energy GAAP EPS of $2.92, revenue of $6.11B
February 28, 2023 | theglobeandmail.com
MEG Energy earns $159-million in fourth-quarter as it gets boost from higher oil prices
February 13, 2023 | finance.yahoo.com
MEG Energy Announces 2022 Annual Results and Conference Call
February 2, 2023 | theglobeandmail.com
Bullish on MEG Energy Corp.
January 23, 2023 | msn.com
Linefill on expanded Trans Mountain pipeline seen late in 2023, MEG Energy says
January 23, 2023 | reuters.com
MEG Energy says linefill on expanded Trans Mountain pipeline expected end-2023
January 23, 2023 | finance.yahoo.com
UPDATE 1-MEG Energy says linefill on expanded Trans Mountain pipeline expected end-2023
January 20, 2023 | msn.com
Can MEG Energy Stock Double in 2023 Like Last Year?
January 19, 2023 | markets.businessinsider.com
J.P. Morgan Keeps Their Buy Rating on MEG Energy (MEGEF)
January 19, 2023 | finance.yahoo.com
Oil Firms Eye $11 Billion Canada Fund to Match Biden’s Subsidies
January 6, 2023 | finance.yahoo.com
Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?
January 2, 2023 | marketwatch.com
Monoethylene Glycol (MEG) Market Growth, 2023 Key Players, Share, Revenue, Trends, Organizations Size, Opportunities and Regional Forecast To 2030
December 29, 2022 | wsj.com
Financial Services Roundup: Market Talk
December 15, 2022 | theglobeandmail.com
MEG Energy: Top 25 Undervalued Dividend Stocks on TSX (MEG)
December 11, 2022 | theglobeandmail.com
MEG Energy: Top 25 Undervalued Toronto Stock Exchange Stocks (MEG)
See More Headlines
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MEG Company Calendar

Last Earnings
7/27/2017
Today
3/30/2023
Next Earnings (Estimated)
5/01/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Independent Oil & Gas
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
TSE:MEG
CUSIP
N/A
CIK
N/A
Web
www.megenergy.com
Phone
+1-403-7700446
Fax
N/A
Employees
411
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$23.67
High Stock Price Forecast
C$26.00
Low Stock Price Forecast
C$21.00
Forecasted Upside/Downside
+11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$2.91
Trailing P/E Ratio
7.33
Forward P/E Ratio
9.39
P/E Growth
0.17
Net Income
C$902 million
Net Margins
14.74%
Pretax Margin
N/A
Return on Equity
22.02%
Return on Assets
13.27%

Debt

Debt-to-Equity Ratio
41.64
Current Ratio
1.44
Quick Ratio
1.17

Sales & Book Value

Annual Sales
C$6.12 billion
Price / Sales
1.00
Cash Flow
C$0.73 per share
Price / Cash Flow
29.38
Book Value
C$15.06 per share
Price / Book
1.42

Miscellaneous

Outstanding Shares
287,720,000
Free Float
N/A
Market Cap
C$6.13 billion
Optionable
Not Optionable
Beta
2.90

Key Executives

  • Mr. Derek W. Evans B.Sc. (Age 66)
    P. Eng., Pres, CEO & Director
    Comp: $1.7M
  • Ms. Darlene M. Gates
    Chief Operating Officer
  • Mr. Lyle S. Yuzdepski
    Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Mr. Ryan M. Kubik C.A. (Age 55)
    CA, CFA, Chief Financial Officer
  • Ms. Helen Kelly MBA
    Director of Investor Relations
  • Mr. David Michael Granger
    VP HR

Key Competitors

View All Competitors

Insiders

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