MEG Energy Corp. (TSE:MEG – Get Rating) has been assigned a consensus rating of "Hold" from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$21.05.
Several equities research analysts recently weighed in on the company. Raymond James lifted their price objective on MEG Energy from C$24.00 to C$25.50 and gave the stock an "outperform" rating in a report on Tuesday, July 5th. Scotiabank lowered MEG Energy from an "outperform" rating to a "hold" rating and lifted their target price for the company from C$23.00 to C$26.00 in a report on Wednesday, June 8th. TD Securities reduced their target price on MEG Energy from C$23.00 to C$22.00 and set a "hold" rating for the company in a report on Friday, July 29th. The Goldman Sachs Group reduced their target price on MEG Energy to C$22.00 and set a "neutral" rating for the company in a report on Wednesday, June 22nd. Finally, JPMorgan Chase & Co. lifted their target price on MEG Energy from C$25.00 to C$28.00 in a report on Tuesday, August 16th.
Get MEG Energy alerts:MEG Energy Trading Down 1.3 %
Shares of MEG opened at C$15.46 on Monday. The business has a 50-day moving average of C$17.11 and a 200 day moving average of C$18.41. MEG Energy has a fifty-two week low of C$9.69 and a fifty-two week high of C$24.47. The firm has a market cap of C$4.71 billion and a P/E ratio of 5.99. The company has a debt-to-equity ratio of 52.55, a quick ratio of 1.09 and a current ratio of 1.61.
MEG Energy (TSE:MEG – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported C$0.72 earnings per share for the quarter, missing the consensus estimate of C$0.85 by C($0.13). The company had revenue of C$1.57 billion during the quarter, compared to the consensus estimate of C$1.38 billion. As a group, research analysts forecast that MEG Energy will post 3.2999996 EPS for the current year.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.
Featured Stories
- Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
- Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
- Magna International is Your Auto and EV One-Stop Shop Stock
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
Receive News & Ratings for MEG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MEG Energy and related companies with MarketBeat.com's FREE daily email newsletter.