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PYPL   61.85 (+2.71%)
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NVDA   401.80 (+3.17%)
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BABA   78.41 (-3.16%)
AMD   125.86 (-0.92%)
T   15.65 (+0.97%)
F   12.62 (+4.38%)
MU   72.23 (-2.30%)
CGC   0.86 (-2.31%)
GE   102.37 (-0.36%)
DIS   87.30 (-1.12%)
AMC   4.60 (-0.86%)
PFE   37.20 (-1.06%)
PYPL   61.85 (+2.71%)
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TSE:MEG

MEG Energy (MEG) Price Target & Analyst Ratings

C$20.76
-0.70 (-3.26%)
(As of 02:33 PM ET)
Compare
Today's Range
C$20.63
▼
C$21.05
50-Day Range
C$19.55
▼
C$23.63
52-Week Range
C$13.91
▼
C$24.47
Volume
1.25 million shs
Average Volume
2.36 million shs
Market Capitalization
C$5.97 billion
P/E Ratio
10.08
Dividend Yield
N/A
Price Target
C$24.33
ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media

MEG Energy Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 8 Analyst Ratings

Consensus Analyst Price Target

C$24.33
17.21% Upside
High PredictionC$29.00
Average PredictionC$24.33
Low PredictionC$21.00
TypeCurrent
5/30/22 to 5/30/23		1 Month Ago
4/30/22 to 4/30/23		3 Months Ago
3/1/22 to 3/1/23		1 Year Ago
5/30/21 to 5/30/22
Consensus Rating
Moderate Buy
Hold
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$24.33C$24.33C$23.22C$19.95
Predicted Upside17.21% Upside12.95% Upside13.43% Upside24.22% Upside
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MEG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MEG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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MEG Energy Stock vs. The Competition

TypeMEG EnergyBasic Materials Companies
Consensus Rating Score
2.50
2.57
Consensus RatingModerate BuyBuy
News Sentiment RatingPositive News
Neutral News

Historical Target Prices and Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/23/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSector Perform ➝ Outperform
4/18/2023National Bankshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$26.00 ➝ C$29.00+25.22%
4/17/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$25.00 ➝ C$26.00+13.04%
4/12/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Sector PerformC$23.00 ➝ C$25.00+8.18%
3/13/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$22.00 ➝ C$24.00+13.85%
3/10/2023CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$20.00 ➝ C$23.00+3.37%
2/28/2023TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHoldC$20.00 ➝ C$23.00+4.36%
1/16/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperformC$22.00 ➝ C$21.00+6.60%
6/22/2022The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutralC$22.00+15.61%
(Data available from 5/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)












MEG Price Target - Frequently Asked Questions

What is MEG Energy's consensus rating and price target?

According to the issued ratings of 8 analysts in the last year, the consensus rating for MEG Energy stock is Moderate Buy based on the current 4 hold ratings and 4 buy ratings for MEG. The average twelve-month price prediction for MEG Energy is C$24.33 with a high price target of C$29.00 and a low price target of C$21.00. Learn more on MEG's analyst rating history.

Do Wall Street analysts like MEG Energy more than its competitors?

Analysts like MEG Energy less than other Basic Materials companies. The consensus rating for MEG Energy is Moderate Buy while the average consensus rating for basic materials companies is Buy. Learn more on how MEG compares to other companies.

Is MEG Energy being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, MEG Energy's stock had 1 upgrade and 1 downgrade by analysts.

Does MEG Energy's stock price have much upside?

According to analysts, MEG Energy's stock has a predicted upside of 13.86% based on their 12-month price targets.

What analysts cover MEG Energy?

MEG Energy has been rated by BMO Capital Markets, CIBC, JPMorgan Chase & Co., National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.


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This page (TSE:MEG) was last updated on 5/30/2023 by MarketBeat.com Staff

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