MEG vs. TOU, OVV, ARX, SCR, CPG, PSK, WCP, ERF, POU, and BTE
Should you be buying MEG Energy stock or one of its competitors? The main competitors of MEG Energy include Tourmaline Oil (TOU), Ovintiv (OVV), ARC Resources (ARX), Strathcona Resources (SCR), Crescent Point Energy (CPG), PrairieSky Royalty (PSK), Whitecap Resources (WCP), Enerplus (ERF), Paramount Resources (POU), and Baytex Energy (BTE). These companies are all part of the "oil & gas e&p" industry.
MEG Energy (TSE:MEG) and Tourmaline Oil (TSE:TOU) are both energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their risk, earnings, media sentiment, analyst recommendations, dividends, valuation, profitability, institutional ownership and community ranking.
MEG Energy currently has a consensus target price of C$32.67, suggesting a potential upside of 10.40%. Tourmaline Oil has a consensus target price of C$78.38, suggesting a potential upside of 15.92%. Given Tourmaline Oil's stronger consensus rating and higher probable upside, analysts clearly believe Tourmaline Oil is more favorable than MEG Energy.
Tourmaline Oil received 407 more outperform votes than MEG Energy when rated by MarketBeat users. Likewise, 71.64% of users gave Tourmaline Oil an outperform vote while only 56.87% of users gave MEG Energy an outperform vote.
41.4% of MEG Energy shares are held by institutional investors. Comparatively, 53.4% of Tourmaline Oil shares are held by institutional investors. 0.3% of MEG Energy shares are held by insiders. Comparatively, 5.4% of Tourmaline Oil shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Tourmaline Oil has a net margin of 35.78% compared to MEG Energy's net margin of 10.58%. MEG Energy's return on equity of 13.20% beat Tourmaline Oil's return on equity.
MEG Energy has a beta of 3.12, indicating that its share price is 212% more volatile than the S&P 500. Comparatively, Tourmaline Oil has a beta of 1.39, indicating that its share price is 39% more volatile than the S&P 500.
In the previous week, Tourmaline Oil had 2 more articles in the media than MEG Energy. MarketBeat recorded 6 mentions for Tourmaline Oil and 4 mentions for MEG Energy. Tourmaline Oil's average media sentiment score of 1.24 beat MEG Energy's score of 0.66 indicating that Tourmaline Oil is being referred to more favorably in the news media.
Tourmaline Oil has lower revenue, but higher earnings than MEG Energy. Tourmaline Oil is trading at a lower price-to-earnings ratio than MEG Energy, indicating that it is currently the more affordable of the two stocks.
Summary
Tourmaline Oil beats MEG Energy on 14 of the 19 factors compared between the two stocks.
Get MEG Energy News Delivered to You Automatically
Sign up to receive the latest news and ratings for MEG and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding MEG and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
MEG Energy Competitors List
Related Companies and Tools
