TSE:MEGMEG Energy Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MEG Energy Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add C$3.69 -0.05 (-1.34 %) (As of 06/3/2020 12:06 PM ET) Add Compare Share Today's RangeC$3.67Now: C$3.69▼C$3.9150-Day RangeC$2.29MA: C$2.93▼C$3.3852-Week RangeC$1.13Now: C$3.69▼C$8.07Volume2.79 million shsAverage Volume4.93 million shsMarket CapitalizationC$1.10 billionP/E RatioN/ADividend YieldN/ABetaN/A ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsInsider TradesHeadlinesSocial Media 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. It primarily engages in a steam-assisted gravity drainage oil sands development at its Christina Lake project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.Read More Beat the Market (BTM) Rank™ 4.1 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 2 buy ratings, 7 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of C$4.98, MEG Energy has a potential upside of 35.1% from its current price of C$3.69.Amount of Analyst CoverageMEG Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.4 Community Rank Outperform VotesMEG Energy has received 365 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMEG Energy has received 390 “underperform” votes. (Add your “underperform” vote.)Community SentimentMEG Energy has received 51.66% “underperform” 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. Previous Next 0.0 Dividend Strength Dividend YieldMEG Energy does not currently pay a dividend.Dividend GrowthMEG Energy does not have a long track record of dividend growth. Previous Next 3.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$80,424.00 in company stock and sold C$0.00 in company stock. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for MEG Energy are expected to grow in the coming year, from C($0.89) to C$0.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is -3.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is -3.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioDue to a projected decrease in earnings for MEG Energy, their PEG ratio cannot be calculated.Price to Book Value per Share RatioMEG Energy has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.14 out of 5 stars 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+1-403-7700446Debt Debt-to-Equity Ratio97.41 Current Ratio1.94 Quick Ratio0.73Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E Growth-0.09 Sales & Book Value Annual SalesC$3.68 billion Price / Sales0.30 Cash FlowC$0.24 per share Price / Cash Flow15.61 Book ValueC$12.00 per share Price / Book0.31Profitability EPS (Most Recent Fiscal Year)N/A Net IncomeN/A Net MarginsN/A Return on EquityN/A Return on AssetsN/AMiscellaneous Employees510 Outstanding Shares299,207,000Market CapC$1.10 billion Next Earnings Date8/4/2020 (Estimated) OptionableNot Optionable TSX:MEG Rates by TradingView Receive MEG News and Ratings via Email Sign-up to receive the latest news and ratings for MEG and its competitors with MarketBeat's FREE daily newsletter. MEG Energy (TSE:MEG) Frequently Asked Questions How has MEG Energy's stock been impacted by COVID-19 (Coronavirus)? MEG Energy's stock was trading at C$2.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MEG stock has increased by 35.7% and is now trading at C$3.69. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of MEG Energy? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MEG Energy. When is MEG Energy's next earnings date? MEG Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for MEG Energy. How were MEG Energy's earnings last quarter? MEG Energy Corp (TSE:MEG) released its earnings results on Monday, May, 4th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.09) by $0.08. The firm earned $665 million during the quarter, compared to analyst estimates of $545.05 million. View MEG Energy's earnings history. What price target have analysts set for MEG? 10 Wall Street analysts have issued twelve-month price objectives for MEG Energy's shares. Their forecasts range from C$2.50 to C$8.50. On average, they anticipate MEG Energy's share price to reach C$4.98 in the next twelve months. This suggests a possible upside of 35.1% from the stock's current price. View analysts' price targets for MEG Energy. Has MEG Energy been receiving favorable news coverage? News stories about MEG stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MEG Energy earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave news stories about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news aboutMEG Energy. Who are some of MEG Energy's key competitors? Some companies that are related to MEG Energy include Beach Energy (BPT), Linamar (LNR), Crescent Point Energy (CPG), Vermilion Energy (VET), Cairn Energy (CNE), Mainstreet Equity (MEQ), Cooper Energy (COE), Great Bear Resources (GBR), Ophir Energy (OPHR), Carnarvon Petroleum (CVN), Genel Energy (GENL), Seplat Petroleum Development (SEPL), Serica Energy (SQZ), Contango Oil & Gas (MCF) and Karoon Energy (KAR). View all 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), Athabasca Oil (ATH), Crescent Point Energy (CPG), Canadian Natural Resources (CNQ), Enerplus (ERF), First Quantum Minerals (FM), Cenovus Energy (CVE), Kelt Exploration (KEL) and Birchcliff Energy (BIR). Who are MEG Energy's key executives? MEG Energy's management team includes the following people: Mr. Eric Lloyd Toews CPA, CA, Chief Financial OfficerMr. Chi-Tak Yee, Chief Operating OfficerMr. Derek W. Evans B.Sc., P. Eng., Pres, CEO & Director (Age 62)Mr. Grant Kenneth Donald Borbridge, Sr. VP of Legal, Gen. Counsel & Corp. Sec.Ms. Tara McCool, VP of People & Corp. Identity 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 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$3.69. How big of a company is MEG Energy? MEG Energy has a market capitalization of C$1.10 billion and generates C$3.68 billion in revenue each year. MEG Energy employs 510 workers across the globe. What is MEG Energy's official website? The official website for MEG Energy is www.megenergy.com. 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 6/3/2020 by MarketBeat.com Staff
