MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has the following commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project. MEG also holds interest in the Access Pipeline.
Industry, Sector and Symbol:
- Sector: N/A
- Industry: N/A
- Sub-Industry: N/A
- Symbol: TSE:MEG
- CUSIP: N/A
- Web: www.megenergy.com/
Capitalization:- Market Cap: C$1.39 billion
- Outstanding Shares: 293,282,000
Average Prices:- 50 Day Moving Avg: C$4.05
- 200 Day Moving Avg: C$5.98
- 52 Week Range: C$3.28 - C$9.83
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: -0.10
Sales & Book Value:- Annual Revenue: C$2.13 billion
- Price / Sales: 0.65
- Book Value: C$12.93 per share
- Price / Book: 0.37
Profitability:- EBIDTA: C$392.4 million
- Net Margins: 0.28%
- Return on Equity: 0.18%
- Return on Assets: 0.07%
Misc:- Average Volume: 1.55 million shs.
- Short Ratio: 16.92
Frequently Asked Questions for MEG Energy Corp (TSE:MEG)
What is MEG Energy Corp's stock symbol?
MEG Energy Corp trades on the Tornton Stock Exchange (TSX) under the ticker symbol "MEG."
How were MEG Energy Corp's earnings last quarter?
MEG Energy Corp (TSE:MEG) released its quarterly earnings data on Wednesday, October, 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.35. The company earned $706.42 million during the quarter, compared to analysts' expectations of $759.29 million. MEG Energy Corp had a net margin of 0.28% and a return on equity of 0.18%. View MEG Energy Corp's Earnings History.
Where is MEG Energy Corp's stock going? Where will MEG Energy Corp's stock price be in 2017?
8 equities research analysts have issued 12-month price objectives for MEG Energy Corp's shares. Their predictions range from C$4.00 to C$12.00. On average, they expect MEG Energy Corp's stock price to reach C$7.48 in the next year. View Analyst Ratings for MEG Energy Corp.
Who are some of MEG Energy Corp's key competitors?
Some companies that are related to MEG Energy Corp include Enerplus Corp (ERF), TFI International (TFII), Parkland Fuel Corp (PKI), Colliers International Group (CIGI), Premium Brands Holdings Corp (PBH), Cott Corp (BCB), Alamos Gold (AGI), Canfor (CFP), Canadian Western Bank (CWB), Parex Resources (PXT), Capital Power Corp (CPX), Kirkland Lake Gold Ltd (KL), Descartes Systems Group (DSG), Detour Gold (DGC), Hudbay Minerals (HBM), Macdonald Dettwiler & Associates Ltd (MDA), TransAlta (TA) and Gibson Energy (GEI).
Who are MEG Energy Corp's key executives?
MEG Energy Corp's management team includes the folowing people:
- Jeffrey James McCaig, Chairman of the Board
- William J. McCaffrey, President, Chief Executive Officer, Director
- Eric L. Toews, Chief Financial Officer
- Donald G. Moe, Senior Vice President - Supply and Marketing
- Grant W. Boyd, Senior Vice President - Resource Management Growth Properties
- Jamey FitzGibbon, Senior Vice President - Resource Management, Christina Lake and Special Projects
- Richard F. Sendall, Senior Vice President - Strategy and Government Relations
- Chi-Tak Yee, Senior Vice President - Reservoir and Geosciences
- John W. Nearing, Vice President - Finance, Controller
- John Garry McCoshen, Vice President - Finance, Treasurer
How do I buy MEG Energy Corp stock?
Shares of MEG Energy Corp 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 Corp's stock price today?
One share of MEG Energy Corp stock can currently be purchased for approximately C$4.74.
MarketBeat Community Rating for MEG Energy Corp (TSE MEG)MarketBeat's community ratings are surveys of what our community members think about MEG Energy Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for MEG Energy Corp (TSE:MEG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 5 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.38) |
| Consensus Price Target: | C$7.48 |
Analysts' Ratings History for MEG Energy Corp (TSE:MEG)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 7/20/2017 | CIBC | Lower Price Target | | C$8.00 -> C$4.50 |  |
| 6/28/2017 | GMP Securities | Downgrade | Buy -> Hold | C$8.50 -> C$4.00 | |
| 6/27/2017 | National Bank Financial | Reiterated Rating | Sector Perform | C$4.75 | |
| 3/24/2017 | TD Securities | Reiterated Rating | Hold | C$8.50 | |
| 2/10/2017 | Scotiabank | Reiterated Rating | Outperform | C$9.00 | |
| 2/10/2017 | Barclays PLC | Boost Price Target | | C$6.00 -> C$8.00 | |
| 2/10/2017 | Raymond James Financial, Inc. | Lower Price Target | Market Perform -> Outperform | C$8.50 -> C$8.00 | |
| 2/10/2017 | Royal Bank Of Canada | Reiterated Rating | Outperform | C$12.00 | |
| 1/30/2017 | BMO Capital Markets | Boost Price Target | | C$6.00 -> C$8.00 | |
| 12/21/2016 | Desjardins | Lower Price Target | | C$10.00 -> C$8.00 | |
| 9/28/2016 | FirstEnergy Capital | Downgrade | Outperform -> Market Perform | | |
| 6/13/2016 | Morgan Stanley | Boost Price Target | | C$8.00 -> C$9.00 | |
| 4/29/2016 | AltaCorp Capital | Downgrade | Outperform -> Sector Perform | | |
| 1/21/2016 | Nomura | Lower Price Target | | C$15.00 -> C$6.00 | |
(Data available from 7/26/2015 forward)
Earnings History for MEG Energy Corp (TSE:MEG)Earnings History by Quarter for MEG Energy Corp (TSE MEG)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/29/2014 | Q2 | ($0.12) | $0.23 | $759.29 million | $706.42 million | View | Listen | |
| 7/30/2014 | | $0.48 | $0.49 | $670.69 million | $829.19 million | View | N/A | |
| 4/30/2014 | | $0.28 | $0.18 | $484.78 million | $679.56 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for MEG Energy Corp (TSE:MEG)Current Year EPS Consensus Estimate: $-0.55 EPS
Dividend History for MEG Energy Corp (TSE:MEG)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for MEG Energy Corp (TSE:MEG)Insider Trades by Quarter for MEG Energy Corp (TSE:MEG)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 7/11/2017 | William Robert Klesse | Director | Buy | 500 | C$2.68 | C$1,340.00 | |
| 6/7/2017 | Eric Lloyd Toews | Insider | Buy | 10,000 | C$4.60 | C$46,000.00 | |
| 3/21/2017 | Timothy Edward Hodgson | Director | Buy | 8,000 | C$6.16 | C$49,280.00 | |
| 1/13/2017 | Chi-Tak Yee | Insider | Buy | 5,000 | C$7.73 | C$38,650.00 | |
| 1/12/2017 | Diana Janet Mcqueen | Director | Buy | 1,250 | C$7.89 | C$9,862.50 | |
| 6/7/2016 | Stephen R Diotte | Insider | Sell | 3,100 | C$6.69 | C$20,739.00 | |
| 1/14/2016 | John Garry Mccoshen | Insider | Buy | 2,100 | C$4.97 | C$10,437.00 | |
| 1/13/2016 | Eric Lloyd Toews | Insider | Buy | 20,000 | C$4.99 | C$99,800.00 | |
| 12/21/2015 | Stephen R Diotte | Insider | Buy | 100 | C$7.78 | C$778.00 | |
| 12/17/2015 | Chi-Tak Yee | Insider | Buy | 1,000 | C$7.50 | C$7,500.00 | |
| 10/7/2015 | John Martin Rogers | Insider | Buy | 20,000 | C$12.00 | C$240,000.00 | |
| 10/6/2015 | John Martin Rogers | Insider | Buy | 15,000 | C$10.31 | C$154,650.00 | |
| 10/5/2015 | Stephen R Diotte | Insider | Sell | 1,017 | C$10.13 | C$10,302.21 | |
| 9/16/2015 | Eric Lloyd Toews | Insider | Buy | 5,050 | C$8.61 | C$43,455.25 | |
| 9/9/2015 | Chi-Tak Yee | Insider | Buy | 1,000 | C$8.82 | C$8,815.00 | |
| 7/7/2015 | Stephen R Diotte | Insider | Sell | 1,000 | C$19.29 | C$19,290.00 | |
| 12/1/2014 | Arnold Boyd Anderson | Director | Buy | 5,000 | C$18.77 | C$93,850.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for MEG Energy Corp (TSE:MEG)
Latest Headlines for MEG Energy Corp (TSE:MEG)
| Source: |
|
| Date | Headline |
|---|
 | CIBC Cuts MEG Energy Corp (TSE:MEG) Price Target to C$4.50
www.americanbankingnews.com - July 20 at 4:08 PM |
| MEG Energy Corp (MEG) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - July 14 at 5:03 PM |
 | PRESS DIGEST- Canada-July 6 - Business Insider - Business Insider
www.businessinsider.com - July 7 at 7:22 AM |
 | Stubborn glut hits oil prices, energy shares
www.theglobeandmail.com - July 5 at 4:22 PM |
 | CANADA STOCKS-TSX falls as energy stocks slump with oil prices
www.reuters.com - July 5 at 4:22 PM |
 | Price Slump Stymies Rebirth of Canadian Oil Sands From Fire
www.bloomberg.com - July 1 at 8:09 PM |
| MEG Energy Corp (MEG) Rating Lowered to Hold at GMP Securities
www.americanbankingnews.com - June 28 at 1:14 PM |
 | CANADA STOCKS-TSX futures get a lift from higher commodity prices - Nasdaq
www.nasdaq.com - June 27 at 11:43 PM |
 | Toronto Stocks Inch Lower
www.baystreet.ca - June 27 at 6:39 PM |
| MEG Energy Corp (MEG) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - June 19 at 4:40 PM |
| Oil tumbles to November lows as U.S. shale output surges
www.theglobeandmail.com - June 14 at 9:55 PM |
| Insider Buying: MEG Energy Corp (MEG) Insider Purchases 10,000 Shares of Stock
www.americanbankingnews.com - June 12 at 1:56 PM |
 | Rubicon Oilfield International Acquires World Oil Tools
www.marketwatch.com - June 12 at 9:21 AM |
| Unexpected jump in U.S. oil supply hammers prices
www.theglobeandmail.com - June 7 at 11:10 PM |
 | MEG Energy is Now Oversold (MEG)
www.thestreet.com - May 30 at 6:12 PM |
 | MEG Energy provides Annual and Special Meeting voting results
finance.yahoo.com - May 26 at 3:54 AM |
| MEG Energy Corp (MEG) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - May 23 at 2:20 PM |
| Canada's MEG Energy posts smaller-than-expected loss on higher prices, lower costs - Reuters
www.reuters.com - May 12 at 7:06 PM |
| Edited Transcript of MEG.TO earnings conference call or presentation 11-May-17 1:30pm GMT
finance.yahoo.com - May 11 at 11:59 PM |
| MEG Energy posts smaller quarterly profit
www.theglobeandmail.com - May 11 at 6:59 PM |
| MEG Energy reports first quarter 2017 results
finance.yahoo.com - May 11 at 5:22 AM |
| Canada's MEG Energy reports smaller quarterly profit
finance.yahoo.com - May 11 at 5:22 AM |
 | Rubicon Oilfield International Acquires Choice Completions Systems
www.bizjournals.com - May 8 at 12:21 PM |
| CIRI Alberta Announces 2017 Annual General Meeting Voting Results and New Chair
www.marketwatch.com - May 6 at 9:07 AM |
 | CIRI Alberta Announces 2017 Annual General Meeting Voting Results and New Chair - Business Wire (press release)
www.businesswire.com - May 5 at 6:45 PM |
| BRIEF-Kontrol Energy to buy up to 20 megawatts of solar energy power generation assets
www.reuters.com - May 5 at 8:42 AM |
| MEG Energy holds conference call to discuss first quarter 2017 financial results - Yahoo Finance
finance.yahoo.com - May 4 at 11:44 AM |
| MEG Energy holds conference call to discuss first quarter 2017 financial results
finance.yahoo.com - May 4 at 11:43 AM |
| MEG Energy Corp (MEG) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 28 at 4:28 PM |
| Research Reports Initiated on Energy Stocks: Canadian Natural Resources, Bellatrix Exploration, Gear Energy, and ... - Yahoo Finance
finance.yahoo.com - April 28 at 9:20 AM |
| Research Reports Initiated on Energy Stocks: Canadian Natural Resources, Bellatrix Exploration, Gear Energy, and MEG Energy
finance.yahoo.com - April 28 at 9:20 AM |
| MEG Energy Corp. – Value Analysis (TORONTO:MEG) : April 20, 2017
finance.yahoo.com - April 20 at 6:34 PM |
| MEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : April 19, 2017
finance.yahoo.com - April 19 at 10:37 AM |
| MEG Energy Corp. breached its 50 day moving average in a Bearish Manner : MEG-CA : April 4, 2017
finance.yahoo.com - April 7 at 11:07 AM |
| MEG Energy Corp (MEG) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 6 at 1:34 PM |
| MEG Energy Corp (MEG) Rating Reiterated by TD Securities
www.americanbankingnews.com - March 30 at 7:16 AM |
| Stocks Power Higher on Energy Surge
www.baystreet.ca - March 29 at 7:06 PM |
| Stocks Stumble over Trump Failure
www.baystreet.ca - March 27 at 10:25 AM |
| MEG Energy Corp (MEG) Given a C$8.50 Price Target by TD Securities Analysts
www.americanbankingnews.com - March 24 at 2:26 PM |
| Insider Buying: MEG Energy Corp (MEG) Director Buys 8,000 Shares of Stock
www.americanbankingnews.com - March 21 at 8:00 PM |
 | Paramount Resources Trades At 1.5 Times Earnings With C$566 Million Net Cash
seekingalpha.com - March 20 at 4:42 PM |
| Company Overview of MEG Energy Corp.
www.bloomberg.com - March 19 at 5:44 PM |
| Stocks Stronger by Noon
www.baystreet.ca - March 17 at 6:41 PM |
| Research Reports Initiated on Energy Stocks Granite Oil, Canadian Natural Resources, MEG Energy, and ARC Resources
finance.yahoo.com - March 14 at 11:11 AM |
| MEG Energy Breaks Below 200-Day Moving Average - Notable for MEG
www.nasdaq.com - March 9 at 6:17 PM |
| Resource Stocks Drive TSX Lower
www.baystreet.ca - March 9 at 12:13 AM |
| MEG Energy's Board of Directors approves filing of 2016 year-end disclosure documents
finance.yahoo.com - March 2 at 11:45 PM |
| Stocks Tumble to End Week
www.baystreet.ca - February 24 at 7:44 PM |
| Canada's MEG Energy Increases Capex in 2017, an Industrial Info News Alert
finance.yahoo.com - February 14 at 8:03 PM |
| Research Reports Initiated on Energy Stocks MEG ... - Baystreet.ca - Baystreet.ca
www.baystreet.ca - February 13 at 10:23 AM |
MEG Energy Corp (MEG) Chart for Wednesday, July, 26, 2017
