TSE:MEG MEG Energy (MEG) Stock Price, News & Analysis → Shocking: One AI startup's revenue could surge 4,735% (From Manward Press) (Ad) Free MEG Stock Alerts C$31.59 +0.03 (+0.10%) (As of 05/7/2024 ET) Add Compare Share Share Today's RangeC$30.80▼C$31.7550-Day RangeC$28.09▼C$33.4352-Week RangeC$19.41▼C$33.70Volume1.40 million shsAverage Volume1.79 million shsMarket CapitalizationC$8.60 billionP/E Ratio15.95Dividend Yield3.14%Price TargetC$33.09 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider Trades Get MEG Energy alerts: Email Address MEG Energy MarketRank™ Stock AnalysisAnalyst RatingHold2.30 Rating ScoreUpside/Downside4.8% UpsideC$33.09 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.30Based on 14 Articles This WeekInsider TradingSelling SharesC$8.83 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.18 out of 5 stars 2.2 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageMEG Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about MEG Energy's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MEG. Previous Next 0.8 Dividend Strength Dividend YieldMEG Energy pays a meaningful dividend of 3.14%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMEG Energy does not have a long track record of dividend growth.Read more about MEG Energy's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEG. Previous Next 2.4 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 0.30. 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 0.48 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for MEG Energy this week, compared to 3 articles on an average week.Search Interest7 people have searched for MEG on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$8,825,336.00 in company stock.Percentage Held by InsidersOnly 0.63% of the stock of MEG Energy is held by insiders.Percentage Held by Institutions41.96% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about MEG Energy's insider trading history. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 15.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.82.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 15.95, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 119.53.Price to Earnings Growth RatioMEG 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 RatioMEG Energy has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about MEG Energy's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Smallcaps DailyThe #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique WaySee how with its ongoing expansion and development of its diverse and promising product pipeline, this small-cap NYSE company is positioned to be a dominant and innovative leader in the nanomedicine and antiviral therapy space.Click to read About MEG Energy Stock (TSE:MEG)MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. It also transports and sells thermal oil in North America and internationally. The company was incorporated in 1999 and is headquartered in Calgary, Canada.Read More MEG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEG Stock News HeadlinesMay 7, 2024 | msn.comMEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'May 7, 2024 | finance.yahoo.comMEG Energy Maintained at Buy at TPH Following First-Quarter Results; Price Target at C$40.00May 8, 2024 | Colonial Metals (Ad)The Gold Grab of the CenturyWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.May 6, 2024 | markets.businessinsider.comMaintaining Hold on MEG Energy: Balancing Operational Strength with Valuation ConcernsMay 3, 2024 | msn.comOn housing and energy, Healey’s big plans collide with local resistanceMay 3, 2024 | msn.comLeviste scion gains foothold in ABS-CBNMay 2, 2024 | msn.com9 Things You Should Always Buy at Estate Sales, According to DesignersMay 2, 2024 | msn.comThe Contestant Interviews – Nasubi, Director Clair Titley, and Producer Megumi Inman on the Danger and Traumas of Reality TVMay 8, 2024 | Colonial Metals (Ad)The Gold Grab of the CenturyWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.May 2, 2024 | msn.comLeviste buys 8.5% stake of ABS-CBNMay 1, 2024 | forbes.comNew Study Series Set To Highlight Africa’s Economic Impact GloballyMay 1, 2024 | yahoo.comYour 16-Week Marathon Strength Training PlanMay 1, 2024 | nytimes.comThe Treadmill Desk Might Really Be Worth ItApril 30, 2024 | yahoo.comBun B, Chase B & More Unveil Their Houston Top 10 Get Up Anthems PlaylistApril 30, 2024 | forbes.comFree Speech Advocates Urge Restraint From Colleges Amid ProtestsApril 29, 2024 | theguardian.comHow do we define climate responsibility? Woodside has no answerApril 29, 2024 | americanbankingnews.comMEG Energy (MEG) to Release Quarterly Earnings on MondayApril 28, 2024 | afr.comWoodside Energy’s part in BHP’s low-carbon transitionApril 28, 2024 | yahoo.comDon’t pollute Colorado communities with plastics-to-fuelApril 28, 2024 | msn.comUCLA spring showcase at Rose Bowl has players feeling 'like L.A. is Bruin fans again'April 26, 2024 | cnn.comSupreme Court hears case about emergency abortion careApril 26, 2024 | msn.comMeg Stalter Is a Chaotic Queer Musician in the New Trailer for Cora BoraApril 23, 2024 | finance.yahoo.comMEG Energy Maintained at Buy at TPH Ahead of First-Quarter Results; Price Target at C$40.00April 21, 2024 | msn.comAztecFAST Showcase shows offense still getting up to speed, but making progressApril 20, 2024 | ft.comWoodside Energy chief defends climate plan ahead of shareholder voteApril 20, 2024 | bizjournals.comHouston-based Hines moves forward on massive Midtown developmentApril 20, 2024 | msn.comWhat Megan Thee Stallion, Barry Keoghan, and Riley Keough Wore This WeekSee More Headlines Receive MEG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/29/2024Today5/07/2024Next Earnings (Estimated)7/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas E&P Sub-IndustryN/A Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees449Year FoundedN/APrice Target and Rating Average Stock Price TargetC$33.09 High Stock Price TargetC$39.00 Low Stock Price TargetC$23.00 Potential Upside/Downside+4.8%Consensus RatingHold Rating Score (0-4)2.30 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$1.98 Trailing P/E Ratio15.95 Forward P/E Ratio13.62 P/E Growth0.17Net IncomeC$569 million Net Margins10.06% Pretax MarginN/A Return on Equity12.77% Return on Assets7.94% Debt Debt-to-Equity Ratio30.55 Current Ratio1.48 Quick Ratio1.17 Sales & Book Value Annual SalesC$5.65 billion Price / Sales1.52 Cash FlowC$1.08 per share Price / Cash Flow29.38 Book ValueC$16.48 per share Price / Book1.92Miscellaneous Outstanding Shares272,100,000Free FloatN/AMarket CapC$8.60 billion OptionableNot Optionable Beta3.16 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Derek W. Evans B.Sc. (Age 67)P. Eng., President, CEO & Director Comp: $1.59MMs. Darlene M. GatesChief Operating OfficerMr. Lyle S. YuzdepskiSenior VP of Legal, General Counsel & Corporate SecretaryMr. Thomas R. GearVice President of OperationsMr. David Michael GrangerSenior Vice President of Human ResourcesKey CompetitorsCrescent Point EnergyTSE:CPGStrathcona ResourcesTSE:SCRPrairieSky RoyaltyTSE:PSKWhitecap ResourcesTSE:WCPEnerplusTSE:ERFView All CompetitorsInsidersDavid Michael GrangerSold 32,144 sharesTotal: C$979,504.83 ($30.47/share)Gary BosgoedSold 445 sharesTotal: C$13,456.80 ($30.24/share)Erik Alexander AlsonSold 34,528 sharesTotal: C$1.04 M ($30.24/share)Derek Watson EvansSold 234,562 sharesTotal: C$6.79 M ($28.94/share)View All Insider Transactions MEG Stock Analysis - Frequently Asked Questions Should I buy or sell MEG Energy stock right now? 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEG, but not buy additional shares or sell existing shares. View MEG analyst ratings or view top-rated stocks. What is MEG Energy's stock price target for 2024? 10 analysts have issued twelve-month target prices for MEG Energy's stock. Their MEG share price targets range from C$23.00 to C$39.00. On average, they anticipate the company's share price to reach C$33.09 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price. View analysts price targets for MEG or view top-rated stocks among Wall Street analysts. How have MEG shares performed in 2024? MEG Energy's stock was trading at C$23.67 at the beginning of the year. Since then, MEG stock has increased by 33.5% and is now trading at C$31.59. View the best growth stocks for 2024 here. When is MEG Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024. View our MEG earnings forecast. How were MEG Energy's earnings last quarter? MEG Energy Corp. (TSE:MEG) released its quarterly earnings results on Thursday, February, 29th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by $0.22. The business earned $1.44 billion during the quarter, compared to analysts' expectations of $1.40 billion. MEG Energy had a trailing twelve-month return on equity of 12.77% and a net margin of 10.06%. What other stocks do shareholders of MEG Energy own? Based on aggregate information from My MarketBeat watchlists, some companies that other MEG Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Crescent Point Energy (CPG), Kelt Exploration (KEL), Athabasca Oil (ATH), NuVista Energy (NVA), Canadian Natural Resources (CNQ), Enerplus (ERF), Cenovus Energy (CVE) and Birchcliff Energy (BIR). How do I buy shares of MEG Energy? Shares of MEG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:MEG) was last updated on 5/8/2024 by MarketBeat.com Staff From Our PartnersShocking: One AI startup's revenue could surge 4,735%Manward PressThe Department of Defense Has a New Drone ContractorThe Tomorrow InvestorGold Set to EXPLODE!Gold Safe ExchangeConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsAI “wealth window” is closing June 25thParadigm Press[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsStock-Picking AI Predicts #1 Stock of 2024AltimetryElon Musk Secret Crypto Plot ExposedCrypto 101 Media Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MEG Energy Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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