TSE:MEG

MEG Energy (MEG) Stock Forecast, Price & News

C$21.01

-0.45 (-2.10%)

(As of 05/30/2023 ET)

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Today's Range: C$20.63
▼
C$21.05
50-Day Range: C$19.55
▼
C$23.63
52-Week Range: C$13.91
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C$24.47

Volume: 1.96 million shs
Average Volume: 2.37 million shs
Market Capitalization: C$6.04 billion

P/E Ratio: 10.20
Dividend Yield: N/A
Price Target: C$24.33

Profile Analyst Ratings Chart Competitors Earnings Insider Trades Headlines Social Media

MEG Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 15.8% Upside
C$24.33 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.02
Based on 4 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.

1.99 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
MEG 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/Downside
According to analysts' consensus price target of C$24.33, MEG Energy has a forecasted upside of 15.8% from its current price of C$21.01.
Amount of Analyst Coverage
MEG Energy has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MEG.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEG.

3.3

News and Social Media Coverage

News Sentiment
MEG Energy has a news sentiment score of 1.02. 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 is a higher news sentiment than the 0.32 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for MEG Energy this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for MEG on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 0.54% of the stock of MEG Energy is held by insiders.
Percentage Held by Institutions
Only 36.68% of the stock of MEG Energy is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MEG Energy is 10.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of MEG Energy is 10.20, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 87.49.
Price to Earnings Growth Ratio
MEG 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 Ratio
MEG Energy has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

May 26, 2023 | msn.com

MEG Energy Corp Outperforms Major Indices on Friday

May 26, 2023 | americanbankingnews.com

MEG Energy (TSE:MEG) Lifted to "Outperform" at Scotiabank

May 30, 2023 | Behind the Markets (Ad)

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May 25, 2023 | msn.com

MEG Energy Corp Down -1.72% on May 25th Mid-Morning

May 23, 2023 | msn.com

Crescent Point Energy Corp Outperforms Major Indices on Tuesday

May 23, 2023 | finance.yahoo.com

MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 75% Above Its Share Price

May 12, 2023 | americanbankingnews.com

Analysts Set MEG Energy Corp. (TSE:MEG) PT at C$24.33

May 2, 2023 | theglobeandmail.com

MEG Energy earns $81-million in first quarter, a 77% decrease from previous year

May 30, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 2, 2023 | baystreet.ca

MEG Energy’s Q1 Profit Falls 78% As Oil Prices Slump

May 1, 2023 | msn.com

MEG Energy earns $81M; down 77 per cent from first quarter 2022 as oil prices fall

April 30, 2023 | markets.businessinsider.com

MEG Energy is about to announce its earnings — here's what to expect

April 25, 2023 | msn.com

8-Year High: Can MEG Energy Stock Keep the Momentum Going?

April 25, 2023 | finance.yahoo.com

Investing in MEG Energy (TSE:MEG) three years ago would have delivered you a 763% gain

April 23, 2023 | msn.com

DESJARDINS SECURITIES Downgrades MEG Energy (TSX:MEG)

April 20, 2023 | theglobeandmail.com

Closing Bell: Meg Energy Corp down on Thursday (MEG)

April 20, 2023 | americanbankingnews.com

MEG Energy (TSE:MEG) Price Target Increased to C$29.00 by Analysts at National Bankshares

April 19, 2023 | americanbankingnews.com

Brokerages Set MEG Energy Corp. (TSE:MEG) PT at C$23.89

April 19, 2023 | americanbankingnews.com

MEG Energy (TSE:MEG) PT Raised to C$26.00 at BMO Capital Markets

April 17, 2023 | msn.com

What’s Next for TSX Energy Stocks as Crude Oil Rallies?

April 15, 2023 | seekingalpha.com

MEGEF MEG Energy Corp.

April 15, 2023 | seekingalpha.com

MEG:CA MEG Energy Corp.

April 14, 2023 | americanbankingnews.com

MEG Energy (TSE:MEG) Rating Lowered to Sector Perform at Royal Bank of Canada

April 11, 2023 | ca.finance.yahoo.com

MEG Energy Stock Returned 1,400% in the Last 3 Years: What’s Next?

April 11, 2023 | theglobeandmail.com

Closing Bell: Meg Energy Corp up on Monday (MEG)

April 6, 2023 | theglobeandmail.com

Closing Bell: Meg Energy Corp up on Thursday (MEG)

March 30, 2023 | markets.businessinsider.com

CIBC Sticks to Its Buy Rating for Spartan Delta (DALXF)

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30 days | 90 days | 365 days | Advanced Chart

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MEG Company Calendar

Last Earnings: 5/01/2023
Today: 5/30/2023
Next Earnings (Estimated): 7/27/2023

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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$24.33
High Stock Price Forecast: C$29.00
Low Stock Price Forecast: C$21.00
Forecasted Upside/Downside: +13.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.06
Trailing P/E Ratio: 10.42
Forward P/E Ratio: 11.43
P/E Growth: 0.17
Net Income: C$621 million
Net Margins: 10.24%
Pretax Margin: N/A
Return on Equity: 14.53%
Return on Assets: 10.37%

Debt

Debt-to-Equity Ratio: 39.04
Current Ratio: 1.34
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: C$6.07 billion
Price / Sales: 1.02
Cash Flow: C$0.73 per share
Price / Cash Flow: 29.38
Book Value: C$15.14 per share
Price / Book: 1.42

Miscellaneous

Outstanding Shares: 287,720,000
Free Float: N/A
Market Cap: C$6.17 billion
Optionable: Not Optionable
Beta: 2.84

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 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 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 equities research analysts have issued twelve-month price targets for MEG Energy's shares. Their MEG share price forecasts range from C$21.00 to C$29.00. On average, they expect the company's share price to reach C$24.33 in the next year. This suggests a possible upside of 13.4% 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 13.8% and is now trading at C$21.46.
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 Thursday, July 27th 2023.
View our MEG earnings forecast.
How were MEG Energy's earnings last quarter?: MEG Energy Corp. (TSE:MEG) issued its quarterly earnings data on Monday, May, 1st. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.07. The firm earned $1.48 billion during the quarter, compared to the consensus estimate of $1.21 billion. MEG Energy had a net margin of 10.24% and a trailing twelve-month return on equity of 14.53%.
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$21.46.
How much money does MEG Energy make?: MEG Energy (TSE:MEG) has a market capitalization of C$6.17 billion and generates C$6.07 billion in revenue each year. The company earns C$621 million in net income (profit) each year or C$2.06 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 5/30/2023 by MarketBeat.com Staff

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MEG Energy (MEG) Stock Forecast, Price & News

MEG Energy MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MEG Energy (TSE:MEG) Stock

MEG Stock News Headlines

MEG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MEG Stock - Frequently Asked Questions

Overall MarketRank^™