Shares of MEG Energy Corp. (OTCMKTS:MEGEF – Get Rating) have earned an average rating of "Hold" from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.50.
Several equities analysts have recently issued reports on the company. Desjardins downgraded MEG Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 27th. National Bank Financial dropped their target price on MEG Energy from C$31.00 to C$30.00 in a report on Monday, July 18th. TD Securities dropped their price target on MEG Energy from C$23.00 to C$22.00 in a report on Friday, July 29th. Finally, Scotiabank cut MEG Energy from an "outperform" rating to a "sector perform" rating in a report on Wednesday, June 8th.
Get MEG Energy alerts:MEG Energy Stock Performance
Shares of MEGEF stock opened at $13.59 on Tuesday. The business has a 50 day moving average of $13.28 and a two-hundred day moving average of $14.39. MEG Energy has a 52 week low of $6.23 and a 52 week high of $19.90.
MEG Energy Company Profile
(Get Rating)MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.
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