MEG Energy (MEG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$22.15 to C$22.46
• 50-Day Range: C$22.18 to C$27.84
• 52-Week Range: C$22.15 to C$33.70
• Volume: 2.12 million shs
• Average Volume: 1.69 million shs
• Market Capitalization: C$5.98 billion
• P/E Ratio: 10.56
• Dividend Yield: 1.80%
• Price Target: C$32.45
• Consensus Rating: Moderate Buy

MEG Energy Stock Analysis - MarketRank™

MEG Energy scored higher than 81% 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: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

MEG Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

MEG Energy has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of MEG Energy is 10.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of MEG Energy is 10.56, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 96.08.

Price to Earnings Growth Ratio

MEG 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 Ratio

MEG Energy has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

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

Short Interest

There is no current short interest data available for MEG.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

MEG Energy pays a meaningful dividend of 1.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of MEG Energy is 19.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MEG.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.27

News Sentiment

MEG Energy has a news sentiment score of 1.27. 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 higher news sentiment than the 0.56 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for MEG Energy this week, compared to 4 articles on an average week.

MarketBeat Follows

3 people have added MEG 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: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, MEG Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$303,669.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 0.33% of the stock of MEG Energy is held by insiders.

Percentage Held by Institutions

44.37% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MEG Stock Analysis - Frequently Asked Questions

How have MEG shares performed this year?

MEG Energy's stock was trading at C$23.67 at the start of the year. Since then, MEG stock has decreased by 6.3% and is now trading at C$22.18.
View the best growth stocks for 2024 here.

How were MEG Energy's earnings last quarter?

MEG Energy Corp. (TSE:MEG) posted its quarterly earnings data on Tuesday, November, 5th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.01. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.33 billion. MEG Energy had a trailing twelve-month return on equity of 12.99% and a net margin of 10.43%.

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.

What other stocks do shareholders of MEG Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MEG Energy investors own include Cenovus Energy (CVE), Whitecap Resources (WCP), Baytex Energy (BTE), Crescent Point Energy (CPG), Enbridge (ENB), Tamarack Valley Energy (TVE) and Canadian Natural Resources (CNQ).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/17/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 11/05/2024
• Ex-Dividend for 1/15 Dividend: 12/16/2024
• Today: 12/21/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: Business Services
• Current Symbol: TSE:MEG
• CUSIP: N/A
• CIK: N/A
• Web: www.megenergy.com
• Phone: +1-403-7700446
• Fax: N/A
• Employees: 449
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$32.45
• High Stock Price Target: C$36.00
• Low Stock Price Target: C$26.00
• Potential Upside/Downside: +46.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.10
• Trailing P/E Ratio: 10.56
• Forward P/E Ratio: 9.76
• P/E Growth: 0.17
• Net Income: C$586 million
• Net Margins: 10.43%
• Pretax Margin: N/A
• Return on Equity: 12.99%
• Return on Assets: 8.96%

Debt

• Debt-to-Equity Ratio: 26.35
• Current Ratio: 1.54
• Quick Ratio: 1.17

Sales & Book Value

• Annual Sales: C$5.62 billion
• Price / Sales: 1.06
• Cash Flow: C$0.75 per share
• Price / Cash Flow: 29.38
• Book Value: C$16.95 per share
• Price / Book: 1.31

Miscellaneous

• Outstanding Shares: 269,500,000
• Free Float: N/A
• Market Cap: C$5.98 billion
• Optionable: Not Optionable
• Beta: 2.89