Meren Energy (MER) Stock Price, News & Analysis

Company Overview

Meren is a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria. The Company holds a leading position in the Orange Basin including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.

Key Stats

• Today's Range: C$2.02 to C$2.05
• 50-Day Range: C$1.92 to C$2.36
• 52-Week Range: C$1.65 to C$2.58
• Volume: 298,699 shs
• Average Volume: 833,760 shs
• Market Capitalization: C$1.37 billion
• P/E Ratio: N/A
• Dividend Yield: 7.35%
• Price Target: C$2.50
• Consensus Rating: Hold

Meren Energy Stock Analysis - MarketRank™

Meren Energy scored higher than 37% 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: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Meren Energy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, no buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Meren Energy has a consensus price target of C$2.50, representing about 23.8% upside from its current price of C$2.02.

Amount of Analyst Coverage

Meren Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Meren Energy is -9.18, 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. Sector

The P/E ratio of Meren Energy is -9.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

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

Short Interest

There is no current short interest data available for MER.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Meren Energy is a leading dividend payer. It pays a dividend yield of 10.25%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

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

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.53

News Sentiment

Meren Energy has a news sentiment score of 0.53. 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 lower news sentiment than the 0.78 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Meren Energy this week, compared to 0 articles on an average week.

Search Interest

Only 1 people have searched for MER on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Meren Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.1 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

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

Percentage Held by Institutions

9.08% of the stock of Meren Energy is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: TSE:MER
• CIK: N/A
• Web: N/A
• Phone: N/A
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Meren Energy: C$2.50
• High Price Target: C$2.50
• Low Price Target: C$2.50
• Potential Upside/Downside: +23.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: C$600 million
• Price / Sales: 2.28
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 676,115,000
• Free Float: N/A
• Market Cap: C$1.37 billion
• Optionable: N/A
• Beta: 0.25