MEG Energy Corp., an oil sands company, focuses on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. The company owns a 100% interest in approximately 900 square miles of oil sands leases in the southern Athabasca oil sands region of northern Alberta, as well as primarily engages in a steam-assisted gravity drainage oil sands development at its Christina Lake project. It also owns a 100% interest in the Stonefell Terminal, which offers 900,000 barrel blend and condensate storage facility located near Edmonton, Alberta; and a 50% interest in the Access Pipeline, a dual pipeline system that connects the Christina Lake Project in the Edmonton, Alberta area. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
Industry, Sector and Symbol
Stock Exchange TSE
Industry Independent Oil & Gas
Sub-IndustryN/A
SectorBasic Materials
SymbolTSE:MEG
CUSIPN/A
Phone+1-403-7700446
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins-3.15%
Return on Equity-2.40%
Return on Assets-1.02%
Miscellaneous
EmployeesN/A
Outstanding Shares294,105,000
Market CapC$1,420.00
MEG Energy (TSE:MEG) Frequently Asked Questions
What is MEG Energy's stock symbol?
MEG Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MEG."
How were MEG Energy's earnings last quarter?
MEG Energy Corp (TSE:MEG) released its quarterly earnings data on Thursday, May, 10th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.11. The company earned $721 million during the quarter. MEG Energy had a negative net margin of 3.15% and a negative return on equity of 2.40%. View MEG Energy's Earnings History.
When is MEG Energy's next earnings date?
What price target have analysts set for MEG?
10 brokerages have issued twelve-month price targets for MEG Energy's shares. Their forecasts range from C$5.25 to C$13.00. On average, they anticipate MEG Energy's stock price to reach C$9.17 in the next year. This suggests that the stock has a possible downside of 12.1%. View Analyst Ratings for MEG Energy.
What is the consensus analysts' recommendation for MEG Energy?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of MEG Energy's key competitors?
Some companies that are related to MEG Energy include Vermilion Energy (VET), Linamar (LNR), Crescent Point Energy (CPG), Beach Energy (BPT), Paramount Resources (POU), Gran Tierra Energy (GTE), Nuvista Energy (NVA), Cairn Energy (CNE), Calfrac Well Services (CFW), Hurricane Energy (HUR), Nostrum Oil & Gas (NOG), Athabasca Oil (ATH), Cooper Energy (COE), Ophir Energy (OPHR) and Genel Energy (GENL).
Who are MEG Energy's key executives?
MEG Energy's management team includes the folowing people:
- Mr. Harvey Doerr, Interim Pres, CEO & Director (Age 59)
- Mr. Eric Lloyd Toews, Chief Financial Officer
- Mr. Chi-Tak Yee, Sr. VP of Operations, Resource & Technology Devel.
- Mr. John M. Rogers, VP of Investor Relations & External Communications
- Mr. Grant Kenneth Donald Borbridge, Sr. VP of Legal & Gen. Counsel
Has MEG Energy been receiving favorable news coverage?
Media coverage about MEG stock has been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MEG Energy earned a news impact score of 0.07 on Accern's scale. They also assigned news stories about the company an impact score of 47.53 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
How do I buy shares of MEG Energy?
Shares of MEG 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's stock price today?
One share of MEG stock can currently be purchased for approximately C$10.44.
How big of a company is MEG Energy?
MEG Energy has a market capitalization of C$1.42 billion.
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.
MarketBeat Community Rating for MEG Energy (TSE MEG)
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.
