QQQ   315.68 (+0.95%)
AAPL   162.36 (+0.99%)
MSFT   284.05 (+1.26%)
META   207.84 (+1.21%)
GOOGL   100.89 (-0.49%)
AMZN   102.00 (+1.75%)
TSLA   195.28 (+0.72%)
NVDA   273.83 (+1.48%)
NIO   10.46 (+6.41%)
BABA   103.38 (+3.46%)
AMD   97.88 (+1.86%)
T   19.08 (+0.42%)
F   12.29 (+1.99%)
MU   63.09 (-0.71%)
CGC   1.76 (-2.76%)
GE   94.05 (-0.01%)
DIS   98.10 (+1.27%)
AMC   4.97 (-0.60%)
PFE   40.38 (+0.32%)
PYPL   74.39 (+0.28%)
NFLX   338.43 (+1.93%)
QQQ   315.68 (+0.95%)
AAPL   162.36 (+0.99%)
MSFT   284.05 (+1.26%)
META   207.84 (+1.21%)
GOOGL   100.89 (-0.49%)
AMZN   102.00 (+1.75%)
TSLA   195.28 (+0.72%)
NVDA   273.83 (+1.48%)
NIO   10.46 (+6.41%)
BABA   103.38 (+3.46%)
AMD   97.88 (+1.86%)
T   19.08 (+0.42%)
F   12.29 (+1.99%)
MU   63.09 (-0.71%)
CGC   1.76 (-2.76%)
GE   94.05 (-0.01%)
DIS   98.10 (+1.27%)
AMC   4.97 (-0.60%)
PFE   40.38 (+0.32%)
PYPL   74.39 (+0.28%)
NFLX   338.43 (+1.93%)
QQQ   315.68 (+0.95%)
AAPL   162.36 (+0.99%)
MSFT   284.05 (+1.26%)
META   207.84 (+1.21%)
GOOGL   100.89 (-0.49%)
AMZN   102.00 (+1.75%)
TSLA   195.28 (+0.72%)
NVDA   273.83 (+1.48%)
NIO   10.46 (+6.41%)
BABA   103.38 (+3.46%)
AMD   97.88 (+1.86%)
T   19.08 (+0.42%)
F   12.29 (+1.99%)
MU   63.09 (-0.71%)
CGC   1.76 (-2.76%)
GE   94.05 (-0.01%)
DIS   98.10 (+1.27%)
AMC   4.97 (-0.60%)
PFE   40.38 (+0.32%)
PYPL   74.39 (+0.28%)
NFLX   338.43 (+1.93%)
QQQ   315.68 (+0.95%)
AAPL   162.36 (+0.99%)
MSFT   284.05 (+1.26%)
META   207.84 (+1.21%)
GOOGL   100.89 (-0.49%)
AMZN   102.00 (+1.75%)
TSLA   195.28 (+0.72%)
NVDA   273.83 (+1.48%)
NIO   10.46 (+6.41%)
BABA   103.38 (+3.46%)
AMD   97.88 (+1.86%)
T   19.08 (+0.42%)
F   12.29 (+1.99%)
MU   63.09 (-0.71%)
CGC   1.76 (-2.76%)
GE   94.05 (-0.01%)
DIS   98.10 (+1.27%)
AMC   4.97 (-0.60%)
PFE   40.38 (+0.32%)
PYPL   74.39 (+0.28%)
NFLX   338.43 (+1.93%)
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


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.

Receive MEG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter.

MEG Stock News Headlines

CIBC Sticks to Its Buy Rating for Spartan Delta (DALXF)
Closing Bell: Meg Energy Corp up on Wednesday (MEG)
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.
TSX Keeps Streak Alive
CIBC Reaffirms Their Hold Rating on MEG Energy (MEGEF)
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.
Bullish on MEG Energy Corp.
J.P. Morgan Keeps Their Buy Rating on MEG Energy (MEGEF)
Financial Services Roundup: Market Talk
MEG Energy: Top 25 Undervalued Dividend Stocks on TSX (MEG)
See More Headlines
Receive MEG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter.

MEG Company Calendar

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

Industry, Sector and Symbol

Industry
Independent Oil & Gas
Sub-Industry
N/A
CIK
N/A
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

Net Income
C$902 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$6.12 billion
Cash Flow
C$0.73 per share
Book Value
C$15.06 per share

Miscellaneous

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













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?
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