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MEG Energy (MEG) Competitors

C$27.99
-0.12 (-0.43%)
(As of 06/21/2024 ET)

MEG vs. TOU, OVV, ARX, SCR, CPG, PSK, WCP, ERF, POU, and BTE

Should you be buying MEG Energy stock or one of its competitors? The main competitors of MEG Energy include Tourmaline Oil (TOU), Ovintiv (OVV), ARC Resources (ARX), Strathcona Resources (SCR), Crescent Point Energy (CPG), PrairieSky Royalty (PSK), Whitecap Resources (WCP), Enerplus (ERF), Paramount Resources (POU), and Baytex Energy (BTE). These companies are all part of the "oil & gas e&p" industry.

MEG Energy vs.

Tourmaline Oil (TSE:TOU) and MEG Energy (TSE:MEG) are both energy companies, but which is the better business? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends, media sentiment, community ranking and earnings.

In the previous week, Tourmaline Oil had 1 more articles in the media than MEG Energy. MarketBeat recorded 1 mentions for Tourmaline Oil and 0 mentions for MEG Energy. MEG Energy's average media sentiment score of 1.55 beat Tourmaline Oil's score of 0.00 indicating that Tourmaline Oil is being referred to more favorably in the media.

Company Overall Sentiment
Tourmaline Oil Very Positive
MEG Energy Neutral

Tourmaline Oil received 406 more outperform votes than MEG Energy when rated by MarketBeat users. Likewise, 71.64% of users gave Tourmaline Oil an outperform vote while only 56.93% of users gave MEG Energy an outperform vote.

CompanyUnderperformOutperform
Tourmaline OilOutperform Votes
821
71.64%
Underperform Votes
325
28.36%
MEG EnergyOutperform Votes
415
56.93%
Underperform Votes
314
43.07%

Tourmaline Oil has a beta of 1.39, suggesting that its share price is 39% more volatile than the S&P 500. Comparatively, MEG Energy has a beta of 3.12, suggesting that its share price is 212% more volatile than the S&P 500.

Tourmaline Oil has higher earnings, but lower revenue than MEG Energy. Tourmaline Oil is trading at a lower price-to-earnings ratio than MEG Energy, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Tourmaline OilC$4.84B4.40C$1.73BC$4.9912.13
MEG EnergyC$5.54B1.38C$586MC$2.0613.59

53.4% of Tourmaline Oil shares are held by institutional investors. Comparatively, 41.4% of MEG Energy shares are held by institutional investors. 5.4% of Tourmaline Oil shares are held by insiders. Comparatively, 0.3% of MEG Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Tourmaline Oil has a net margin of 35.78% compared to Tourmaline Oil's net margin of 10.58%. Tourmaline Oil's return on equity of 13.20% beat MEG Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Tourmaline Oil35.78% 12.72% 7.84%
MEG Energy 10.58%13.20%8.47%

Tourmaline Oil presently has a consensus price target of C$78.38, suggesting a potential upside of 29.44%. MEG Energy has a consensus price target of C$32.67, suggesting a potential upside of 16.71%. Given MEG Energy's stronger consensus rating and higher probable upside, equities analysts plainly believe Tourmaline Oil is more favorable than MEG Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tourmaline Oil
0 Sell rating(s)
0 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
3.08
MEG Energy
0 Sell rating(s)
7 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.45

Summary

Tourmaline Oil beats MEG Energy on 13 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MEG and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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MEG vs. The Competition

MetricMEG EnergyOil & Gas E&P IndustryEnergy SectorTSE Exchange
Market CapC$7.63BC$1.23BC$3.70BC$5.20B
Dividend Yield3.14%6.81%6.57%5.58%
P/E Ratio13.59290.33204.7122.98
Price / Sales1.3834,465.5924,152.502,104.81
Price / Cash29.3886.6468.8880.27
Price / Book1.691.441.503.32
Net IncomeC$586MC$120.76MC$435.93MC$286.72M
7 Day Performance1.01%0.09%-0.01%-1.03%
1 Month Performance-4.83%-5.26%-4.30%-3.88%
1 Year Performance39.05%9.06%17.38%26.34%

MEG Energy Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
TOU
Tourmaline Oil
3.9438 of 5 stars
C$60.55
-3.0%
C$78.38
+29.4%
-0.3%C$21.29BC$4.84B12.13389Dividend Announcement
Positive News
High Trading Volume
OVV
Ovintiv
0.5368 of 5 stars
C$63.05
-1.1%
C$58.50
-7.2%
+30.1%C$16.83BC$10.46B6.421,743Dividend Increase
ARX
ARC Resources
4.2816 of 5 stars
C$23.86
-1.3%
C$29.85
+25.1%
+36.3%C$14.26BC$5.31B11.99438Dividend Announcement
High Trading Volume
SCR
Strathcona Resources
0.8819 of 5 stars
C$31.17
-1.7%
C$34.57
+10.9%
N/AC$6.68BC$4.24B-14.21193
CPG
Crescent Point Energy
3.7272 of 5 stars
C$10.36
-0.8%
C$14.80
+42.9%
+18.4%C$6.40BC$3.51B21.14777News Coverage
Positive News
PSK
PrairieSky Royalty
1.9044 of 5 stars
C$25.89
-4.7%
C$27.30
+5.4%
+10.1%C$6.19BC$475.60M28.4565News Coverage
Positive News
High Trading Volume
WCP
Whitecap Resources
2.988 of 5 stars
C$9.85
-1.2%
C$13.56
+37.7%
+5.3%C$5.90BC$3.23B8.72542
ERF
Enerplus
2.7213 of 5 stars
N/AC$24.36
+∞
N/AC$5.47BC$1.48B10.98404
POU
Paramount Resources
3.5402 of 5 stars
C$30.03
-2.2%
C$35.80
+19.2%
+0.8%C$4.39BC$1.71B13.06579Insider Selling
News Coverage
BTE
Baytex Energy
2.8432 of 5 stars
C$4.47
-1.5%
C$6.48
+44.9%
+4.4%C$3.67BC$3.03B-10.16231Dividend Announcement

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This page (TSE:MEG) was last updated on 6/22/2024 by MarketBeat.com Staff

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