MEG Energy (MEG) Stock Price, News & Analysis

Company Overview

MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of March 2021, the company reported estimated net proved and probable reserves of 2 billion barrels of oil equivalent. Net production averaged 82,000 barrels per day in 2020.

Key Stats

• Today's Range: C$30.49 to C$31.03
• 50-Day Range: C$30.89 to C$30.89
• 52-Week Range: C$17.00 to C$31.09
• Volume: 6.35 million shs
• Average Volume: 1.86 million shs
• Market Capitalization: C$7.86 billion
• P/E Ratio: 14.64
• Dividend Yield: 1.33%
• Price Target: C$28.00
• Consensus Rating: Sell

MEG Energy Stock Analysis - MarketRank™

MEG Energy scored higher than 25% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.5 / 5
• Analyst Rating: Sell

Consensus Rating

MEG Energy has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no strong buy ratings, no buy ratings, no hold ratings, and 1 sell rating.

Downside Risk

MEG Energy has a consensus price target of C$28.00, representing about 9.4% downside from its current price of C$30.89.

Amount of Analyst Coverage

MEG Energy has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of MEG Energy is 14.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of MEG Energy is 14.64, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 20.30.

Price to Earnings Growth Ratio

MEG Energy has a PEG Ratio of 0.17. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

MEG Energy has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MEG.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

MEG Energy pays a meaningful dividend of 1.42%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MEG Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of MEG Energy is 19.43%. This payout ratio is at a healthy, sustainable level, below 75%.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: N/A

News Sentiment

MEG Energy has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for MEG Energy this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.6 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MEG Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

0.33% of the stock of MEG Energy is held by insiders.

Percentage Held by Institutions

46.17% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 7/27/2017
• Today: 10/02/2026

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: TSE:MEG
• CIK: N/A
• Web: www.megenergy.com
• Phone: +1-403-7700446
• Fax: N/A
• Employees: 449
• Year Founded: N/A

Price Target and Rating

• Average Price Target for MEG Energy: C$28.00
• High Price Target: C$28.00
• Low Price Target: C$28.00
• Potential Upside/Downside: -9.4%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C$2.11
• Trailing P/E Ratio: 14.64
• Forward P/E Ratio: 13.59
• P/E Growth: 0.17
• Net Income: C$487.47 million
• Net Margins: 13.76%
• Pretax Margin: N/A
• Return on Equity: 9.39%
• Return on Assets: 8.96%

Debt

• Debt-to-Equity Ratio: 22.34
• Current Ratio: 1.73
• Quick Ratio: 1.17

Sales & Book Value

• Annual Sales: C$4.63 billion
• Price / Sales: 1.70
• Cash Flow: C$1.05 per share
• Price / Cash Flow: 29.38
• Book Value: C$18.66 per share
• Price / Book: 1.66

Miscellaneous

• Outstanding Shares: 254,377,000
• Free Float: N/A
• Market Cap: C$7.86 billion
• Optionable: Not Optionable
• Beta: 0.45