TSE:MEG - MEG Energy Corp. (MEG.TO) Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$3.93
  • Forecasted Upside: 5.17 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 6 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$3.74
▲ +0.04 (1.08%)
1 month | 3 months | 12 months
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Analyst Price Target for MEG

i We calculate 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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
C$3.93
▲ +5.17% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for MEG Energy Corp. (MEG.TO) in the last 3 months. The average price target is C$3.93, with a high forecast of C$6.50 and a low forecast of C$3.00. The average price target represents a 5.17% upside from the last price of C$3.74.
Hold
The current consensus among 8 contributing investment analysts is to hold stock in MEG Energy Corp. (MEG.TO). This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 1 sell ratings
6/12/2019
  • 0 strong buy ratings
  • 4 buy ratings
  • 7 hold ratings
  • 1 sell ratings
9/10/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 6 hold ratings
  • 1 sell ratings
12/9/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 1 sell ratings
3/8/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 7 hold ratings
  • 1 sell ratings
6/6/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 1 sell ratings
9/4/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
11/3/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
12/3/2020

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetDetails
11/16/2020National Bank FinancialLower Price TargetOutperformC$3.50 ➝ C$3.00
i
11/12/2020CIBCBoost Price TargetC$3.25 ➝ C$3.50
i
10/28/2020TD SecuritiesLower Price TargetHoldC$3.25 ➝ C$3.00
i
10/27/2020Raymond JamesSet Price TargetMarket PerformC$4.50
i
10/27/2020Tudor Pickering & HoltSet Price TargetHoldC$3.00
i
10/22/2020UBS GroupLower Price TargetC$4.00 ➝ C$3.00
i
10/20/2020Morgan StanleyLower Price TargetC$4.75 ➝ C$3.00
i
10/14/2020Raymond JamesLower Price TargetMarket PerformC$6.00 ➝ C$4.50
i
10/7/2020The Goldman Sachs GroupReiterated RatingBuyC$4.00
i
8/11/2020Tudor PickeringReiterated RatingHoldC$4.50
i
8/11/2020Tudor Pickering & HoltSet Price TargetHoldC$4.50
i
7/29/2020Stifel FirstegyDowngradeBuy ➝ Hold
i
Rating by M. Dunn at Stifel Firstegy
7/28/2020Tudor PickeringReiterated RatingHoldC$4.00
i
7/28/2020TD SecuritiesBoost Price TargetHoldC$3.75 ➝ C$4.50
i
7/28/2020Raymond JamesBoost Price TargetMarket PerformC$5.00 ➝ C$6.00
i
7/28/2020Tudor Pickering & HoltSet Price TargetHoldC$4.00
i
7/28/2020BMO Capital MarketsBoost Price TargetC$4.00 ➝ C$4.50
i
7/15/2020Raymond JamesBoost Price TargetMarket PerformC$3.50 ➝ C$5.00
i
7/8/2020Morgan StanleyBoost Price TargetC$2.50 ➝ C$4.50
i
6/29/2020BMO Capital MarketsBoost Price TargetC$3.50 ➝ C$4.00
i
6/24/2020National Bank FinancialBoost Price TargetOutperformC$3.50 ➝ C$4.50
i
5/18/2020CSFBBoost Price TargetC$3.00 ➝ C$3.50
i
5/6/2020Stifel FirstegyUpgradeHold ➝ Buy
i
Rating by M. Dunn at Stifel Firstegy
5/6/2020Royal Bank of CanadaBoost Price TargetSector PerformC$3.00 ➝ C$4.00
i
5/6/2020Raymond JamesSet Price TargetMarket PerformC$3.50
i
5/5/2020Tudor PickeringReiterated RatingHoldC$3.50
i
5/5/2020BMO Capital MarketsBoost Price TargetC$3.00 ➝ C$3.50
i
5/5/2020Tudor Pickering & HoltSet Price TargetHoldC$3.50
i
4/23/2020National Bank FinancialLower Price TargetOutperformC$5.00 ➝ C$3.50
i
4/22/2020Raymond JamesBoost Price TargetMarket PerformC$2.50 ➝ C$3.50
i
4/22/2020CIBCLower Price TargetC$6.75 ➝ C$4.25
i
4/17/2020Stifel FirstegyDowngradeBuy ➝ Hold
i
Rating by M. Dunn at Stifel Firstegy
4/16/2020Tudor PickeringReiterated RatingHoldC$3.00
i
4/16/2020Tudor Pickering & HoltSet Price TargetHoldC$3.00
i
4/8/2020ScotiabankLower Price TargetC$8.50 ➝ C$4.00
i
3/25/2020Tudor PickeringDowngradeBuy ➝ HoldC$17.00
i
3/25/2020Tudor Pickering & HoltDowngradeBuy ➝ HoldC$17.00
i
3/25/2020Raymond JamesLower Price TargetMarket PerformC$3.50 ➝ C$2.50
i
3/16/2020Morgan StanleyLower Price TargetC$7.50 ➝ C$2.50
i
3/16/2020Royal Bank of CanadaLower Price TargetC$7.50 ➝ C$3.00
i
3/12/2020Stifel NicolausLower Price TargetC$8.00 ➝ C$5.00
i
3/12/2020Raymond JamesLower Price TargetMarket PerformC$8.00 ➝ C$3.50
i
3/11/2020Tudor PickeringReiterated RatingBuyC$7.00
i
3/11/2020National Bank FinancialLower Price TargetOutperformC$8.50 ➝ C$5.25
i
3/11/2020Tudor Pickering & HoltSet Price TargetBuyC$7.00
i
3/6/2020Raymond JamesSet Price TargetMarket PerformC$8.00
i
3/5/2020TD SecuritiesLower Price TargetHoldC$9.00 ➝ C$8.50
i
3/4/2020JPMorgan Chase & Co.Lower Price TargetC$7.50 ➝ C$6.50
i
2/6/2020TD SecuritiesDowngradeBuy ➝ HoldC$9.50 ➝ C$9.00
i
1/31/2020National Bank FinancialLower Price TargetOutperformC$9.25 ➝ C$8.50
i
1/29/2020Royal Bank of CanadaBoost Price TargetSector PerformC$6.50 ➝ C$7.50
i
1/24/2020UBS GroupBoost Price TargetC$6.00 ➝ C$8.00
i
1/17/2020National Bank FinancialBoost Price TargetOutperformC$8.00 ➝ C$9.25
i
1/14/2020ScotiabankBoost Price TargetC$7.00 ➝ C$8.50
i
1/7/2020Tudor PickeringUpgradeHold ➝ BuyC$9.50
i
1/7/2020Tudor Pickering & HoltUpgradeHold ➝ BuyC$9.50
i
12/24/2019The Goldman Sachs GroupBoost Price TargetNeutralC$7.00 ➝ C$8.00
i
12/17/2019The Goldman Sachs GroupBoost Price TargetC$7.00 ➝ C$8.00
i
12/16/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$6.50
i
12/9/2019JPMorgan Chase & Co.Boost Price TargetC$6.00 ➝ C$7.00
i
11/26/2019Raymond JamesSet Price TargetMarket PerformC$6.50
i
11/22/2019CSFBBoost Price TargetC$7.00 ➝ C$8.00
i
10/31/2019Raymond JamesReiterated RatingMarket PerformC$6.50
i
10/23/2019Morgan StanleyDowngradeOverweight ➝ UnderweightC$7.00 ➝ C$5.00
i
10/22/2019The Goldman Sachs GroupLower Price TargetC$7.00 ➝ C$6.00
i
10/18/2019Royal Bank of CanadaLower Price TargetC$7.00 ➝ C$6.50
i
9/23/2019UBS GroupBoost Price TargetC$5.50 ➝ C$6.00
i
9/11/2019JPMorgan Chase & Co.Lower Price TargetC$6.50 ➝ C$6.00
i
7/31/2019Raymond JamesReiterated RatingMarket PerformC$8.00
i
7/31/2019TD SecuritiesBoost Price TargetBuyC$7.00 ➝ C$7.50
i
7/18/2019Royal Bank of CanadaLower Price TargetC$7.50 ➝ C$7.00
i
7/18/2019CIBCLower Price TargetC$7.50 ➝ C$7.00
i
7/16/2019CSFBReiterated RatingNeutralC$7.00
i
6/28/2019GMP SecuritiesLower Price TargetC$8.50 ➝ C$8.00
i
6/25/2019National Bank FinancialLower Price TargetOutperformC$8.50 ➝ C$8.00
i
6/7/2019Tudor Pickering & HoltReiterated RatingHold
i
5/8/2019GMP SecuritiesLower Price TargetC$9.25 ➝ C$8.50
i
5/7/2019Raymond JamesReiterated RatingMarket PerformC$8.00
i
4/23/2019CIBCBoost Price TargetC$6.50 ➝ C$7.50
i
4/16/2019The Goldman Sachs GroupBoost Price TargetC$6.00 ➝ C$7.00
i
4/8/2019National Bank FinancialUpgradeSector Perform ➝ OutperformC$6.50 ➝ C$8.50
i
Rating by J. Hunt at National Bank Financial
3/12/2019UBS GroupLower Price TargetC$8.70 ➝ C$6.00
i
3/8/2019Raymond JamesReiterated RatingMarket PerformC$9.00
i
1/31/2019Raymond JamesLower Price TargetC$11.50 ➝ C$9.00
i
1/30/2019Morgan StanleyUpgradeEqual Weight ➝ OverweightC$10.00 ➝ C$8.00
i
1/23/2019AltaCorp CapitalUpgradeSector Perform ➝ Outperform
i
Rating by N. Lupick at AltaCorp Capital
1/23/2019TD SecuritiesUpgradeHold ➝ BuyC$12.00 ➝ C$7.00
i
1/23/2019Raymond JamesReiterated RatingMarket PerformC$11.50
i
1/23/2019DesjardinsUpgradeHold ➝ BuyC$10.50 ➝ C$8.00
i
1/21/2019BMO Capital MarketsLower Price TargetC$10.00 ➝ C$6.50
i
1/18/2019GMP SecuritiesUpgradeTender ➝ HoldC$9.05 ➝ C$6.00
i
1/18/2019National Bank FinancialLower Price TargetSector PerformC$9.50 ➝ C$6.50
i
Rating by J. Hunt at National Bank Financial
1/18/2019CIBCLower Price TargetC$8.30 ➝ C$6.50
i
1/18/2019Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$8.15 ➝ C$7.50
i
1/17/2019AltaCorp CapitalReiterated RatingUnderperform ➝ Underperform
i
Rating by N. Lupick at AltaCorp Capital
1/7/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$12.00 ➝ C$8.15
i
12/19/2018CIBCLower Price TargetC$9.50 ➝ C$8.30
i
12/13/2018GMP SecuritiesLower Price TargetC$12.50 ➝ C$9.05
i
12/11/2018JPMorgan Chase & Co.Lower Price TargetC$9.50 ➝ C$7.00
i
12/10/2018National Bank FinancialLower Price TargetSector PerformC$12.00 ➝ C$9.50
i
Rating by J. Hunt at National Bank Financial
11/22/2018CIBCLower Price TargetC$12.00 ➝ C$9.50
i
11/20/2018Morgan StanleyLower Price TargetC$11.00 ➝ C$10.00
i
11/5/2018Raymond JamesReiterated RatingMarket PerformC$12.00
i
10/19/2018TD SecuritiesBoost Price TargetHoldC$11.00 ➝ C$12.00
i
10/17/2018Eight CapitalLower Price TargetC$17.00 ➝ C$13.00
i
10/14/2018Morgan StanleyDowngradeOverweight ➝ Equal WeightC$14.00 ➝ C$11.00
i
10/10/2018National Bank FinancialDowngradeOutperform ➝ Sector PerformC$12.00
i
10/9/2018National Bank FinancialReiterated RatingSector Perform Spec Overwgt
i
Rating by J. Hunt at National Bank Financial
10/5/2018CIBCReiterated RatingNeutralC$12.00
i
10/5/2018Raymond JamesLower Price TargetC$15.00 ➝ C$12.00
i
10/1/2018TD SecuritiesBoost Price TargetHoldC$9.00 ➝ C$11.00
i
10/1/2018MacquarieUpgradeNeutral ➝ OutperformC$8.00 ➝ C$12.50
i
9/7/2018The Goldman Sachs GroupLower Price TargetC$11.00 ➝ C$10.00
i
8/7/2018TD SecuritiesBoost Price TargetHoldC$9.00 ➝ C$9.50
i
8/3/2018National Bank FinancialReiterated RatingOutperformC$12.00
i
7/17/2018AltaCorp CapitalDowngradeOutperform ➝ Sector Perform
i
Rating by N. Lupick at AltaCorp Capital
7/5/2018Raymond JamesDowngradeOutperform ➝ Market PerformC$11.00 ➝ C$12.50
i
5/23/2018Morgan StanleyReiterated RatingOverweightC$13.00
i
5/22/2018UBS GroupBoost Price TargetC$5.30 ➝ C$10.00
i
5/22/2018Raymond JamesBoost Price TargetC$9.00 ➝ C$11.00
i
5/11/2018AltaCorp CapitalUpgradeSector Perform ➝ Outperform
i
Rating by N. Lupick at AltaCorp Capital
5/11/2018TD SecuritiesBoost Price TargetHoldC$6.00 ➝ C$7.50
i
5/11/2018DesjardinsBoost Price TargetC$6.00 ➝ C$8.00
i
5/11/2018Royal Bank of CanadaBoost Price TargetOutperformC$10.00 ➝ C$11.00
i
5/11/2018National Bank FinancialBoost Price TargetSector PerformC$6.25 ➝ C$8.00
i
5/11/2018BMO Capital MarketsBoost Price TargetC$6.00 ➝ C$9.00
i
5/11/2018Eight CapitalBoost Price TargetC$9.00 ➝ C$11.00
i
5/11/2018GMP SecuritiesSet Price TargetC$10.00
i
4/24/2018Raymond JamesUpgradeMarket Perform ➝ OutperformC$6.50 ➝ C$9.00
i
3/23/2018BMO Capital MarketsReiterated RatingMarket PerformC$6.00
i
2/12/2018Eight CapitalBoost Price TargetC$8.00 ➝ C$9.00
i
2/12/2018GMP SecuritiesBoost Price TargetC$7.00 ➝ C$8.00
i
2/9/2018Raymond JamesUpgradeUnderperform ➝ Market PerformC$5.00 ➝ C$6.50
i
2/9/2018BarclaysBoost Price TargetC$7.00 ➝ C$8.00
i
2/9/2018Royal Bank of CanadaBoost Price TargetC$8.00 ➝ C$9.00
i
1/29/2018BarclaysBoost Price TargetC$5.00 ➝ C$7.00
i
1/11/2018Eight CapitalSet Price TargetBuyC$8.00
i
1/9/2018National Bank FinancialBoost Price TargetSector PerformC$5.25 ➝ C$6.25
i
12/21/2017BarclaysLower Price TargetC$6.00 ➝ C$5.00
i
12/4/2017GMP SecuritiesBoost Price TargetBuyC$5.50 ➝ C$7.00
i
11/15/2017ScotiabankDowngradeOutperform ➝ Sector PerformC$6.00
i
10/27/2017BarclaysBoost Price TargetC$5.00 ➝ C$6.00
i
10/27/2017National Bank FinancialBoost Price TargetSector PerformC$4.75 ➝ C$5.25
i
10/17/2017CIBCBoost Price TargetC$4.50 ➝ C$5.25
i
7/28/2017TD SecuritiesBoost Price TargetHoldC$5.50 ➝ C$6.00
i
7/20/2017CIBCLower Price TargetC$8.00 ➝ C$4.50
i
6/28/2017GMP SecuritiesDowngradeBuy ➝ HoldC$8.50 ➝ C$4.00
i
6/27/2017National Bank FinancialReiterated RatingSector PerformC$4.75
i
3/24/2017TD SecuritiesReiterated RatingHoldC$8.50
i
2/10/2017ScotiabankReiterated RatingOutperformC$9.00
i
2/10/2017BarclaysBoost Price TargetC$6.00 ➝ C$8.00
i
2/10/2017Raymond JamesLower Price TargetMarket Perform ➝ OutperformC$8.50 ➝ C$8.00
i
2/10/2017Royal Bank of CanadaReiterated RatingOutperformC$12.00
i
2/9/2017Raymond JamesReiterated RatingMarket PerformC$8.50
i
1/30/2017BMO Capital MarketsBoost Price TargetC$6.00 ➝ C$8.00
i
1/25/2017TD SecuritiesLower Price TargetSpeculative BuyC$11.50 ➝ C$11.00
i
1/25/2017ScotiabankBoost Price TargetOutperformC$9.00 ➝ C$10.00
i
1/25/2017Royal Bank of CanadaBoost Price TargetOutperformC$10.00 ➝ C$12.00
i
1/12/2017Raymond JamesLower Price TargetC$9.00 ➝ C$8.50
i
12/21/2016DesjardinsLower Price TargetC$10.00 ➝ C$8.00
i
10/31/2016BarclaysLower Price TargetEqual WeightC$7.00 ➝ C$6.00
i
10/28/2016ScotiabankReiterated RatingOutperformC$10.00
i
10/28/2016TD SecuritiesReiterated RatingSpeculative BuyC$9.00
i
10/19/2016CIBCLower Price TargetC$9.50 ➝ C$8.00
i
10/12/2016Raymond JamesBoost Price TargetC$9.00 ➝ C$10.00
i
9/29/2016Royal Bank of CanadaReiterated RatingOutperformC$11.00
i
9/28/2016FirstEnergy CapitalDowngradeOutperform ➝ Market Perform
i
Rating by M. Dunn at FirstEnergy Capital
8/3/2016FirstEnergy CapitalUpgradeMarket Perform ➝ Outperform
i
Rating by M. Dunn at FirstEnergy Capital
7/29/2016TD SecuritiesBoost Price TargetSpeculative BuyC$9.50 ➝ C$10.00
i
7/29/2016ScotiabankReiterated RatingOutperformC$12.00
i
7/15/2016TD SecuritiesReiterated RatingSpeculative BuyC$10.00
i
7/14/2016BarclaysBoost Price TargetC$6.00 ➝ C$7.00
i
6/28/2016DesjardinsSet Price TargetC$8.00
i
6/23/2016FirstEnergy CapitalUpgradeUnderperform ➝ Market Perform
i
Rating by M. Dunn at FirstEnergy Capital
6/13/2016Morgan StanleyBoost Price TargetC$8.00 ➝ C$9.00
i
6/8/2016Royal Bank of CanadaReiterated RatingOutperformC$11.00
i
6/6/2016Raymond JamesSet Price TargetC$10.00
i
4/29/2016AltaCorp CapitalDowngradeOutperform ➝ Sector Perform
i
Rating by N. Lupick at AltaCorp Capital
4/29/2016Royal Bank of CanadaReiterated RatingOutperformC$11.00
i
4/25/2016CIBCInitiated CoverageSector PerformC$9.50
i
4/21/2016Royal Bank of CanadaReiterated RatingOutperformC$11.00
i
3/15/2016BarclaysBoost Price TargetEqual WeightC$5.00 ➝ C$6.00
i
2/5/2016TD SecuritiesDowngradeBuy ➝ Speculative BuyC$13.00 ➝ C$11.00
i
2/5/2016Royal Bank of CanadaReiterated RatingOutperformC$11.00
i
2/5/2016BarclaysBoost Price TargetEqual WeightC$4.50 ➝ C$5.00
i
2/4/2016National Bank FinancialDowngradeSector Perform Market Weight ➝ Underperform Market Weight
i
Rating by K. Preston at National Bank Financial
1/28/2016BarclaysDowngradeOverweight ➝ Equal WeightC$9.00 ➝ C$4.50
i
1/21/2016Nomura SecuritiesLower Price TargetC$15.00 ➝ C$6.00
i
1/20/2016Royal Bank of CanadaLower Price TargetC$12.00 ➝ C$11.00
i
1/12/2016Raymond JamesLower Price TargetC$18.00 ➝ C$11.00
i
1/11/2016National Bank FinancialBoost Price TargetOutperform ➝ UnderperformC$6.00 ➝ C$12.00
i
1/4/2016Royal Bank of CanadaInitiated CoverageOutperformC$12.00
i
12/7/2015ScotiabankLower Price TargetOutperformC$20.00 ➝ C$19.00
i
12/3/2015National Bank FinancialLower Price TargetSector PerformC$14.00 ➝ C$13.00
i
(Data available from 12/3/2015 forward)
MEG Energy Corp. (MEG.TO) logo
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. The company owns a 100% interest in approximately 750 square miles of mineral leases. It is developing 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 Access Western Blend to refiners throughout North America and internationally. It primarily engages in sustainable in situ thermal oil production at its Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
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Today's Range

Now: C$3.74
C$3.65
C$3.84

50 Day Range

MA: C$2.89
C$2.21
C$3.94

52 Week Range

Now: C$3.74
C$1.13
C$8.07

Volume

1,919,485 shs

Average Volume

3,712,915 shs

Market Capitalization

C$1.13 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A