Based on the MEG Energy Corp stock forecast from 9 analysts, the average analyst target price for MEG Energy Corp is CAD 32.72 over the next 12 months. MEG Energy Corp’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of MEG Energy Corp is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, MEG Energy Corp’s stock price was CAD 26.20. MEG Energy Corp’s stock price has changed by -3.36% over the past week, -5.89% over the past month and -2.71% over the last year.
No recent analyst target price found for MEG Energy Corp
No recent average analyst rating found for MEG Energy Corp
Company Overview MEG Energy Corp
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 Less
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 met...Read More
Frequently Asked Questions About MEG Energy Corp (MEG:CA) Stock
Based on ratings from 9 analysts MEG Energy Corp's stock is Hold . Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 3 buy, 1 sell and 9 hold ratings.
MEG:CA stock's dividend yield is 1.53%.
Our analysis grades MEG:CA stock's dividend yield at F. This means that MEG:CA stock's dividend yield is above 4% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this MEG:CA may be a poor dividend stock for its sector.
Based on targets from 9 analysts, the average taret price for MEG:CA is CAD 32.72 over the next 12 months. The maximum analyst target price is CAD 36 while the minimum anlayst target price is CAD 25.
MEG:CA stock's Price/Earning ratio is 14.20.
Our analysis grades MEG:CA stock's Price / Earning ratio at F. This means that MEG:CA stock's Price/Earning ratio is above 80% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this MEG:CA may be a overvalued for its sector.
The last closing price of MEG:CA's stock was CAD 26.20.
The most recent market capitalization for MEG:CA is CAD 6.87B.
Based on targets from 9 analysts, the average taret price for MEG:CA is projected at CAD 32.72 over the next 12 months.
This means that MEG:CA's stock price may go up by +24.89% over the next 12 months.
We can't find any ETFs which contains MEG Energy Corp's stock.
As per our most recent records MEG Energy Corp has 449 Employees.
MEG Energy Corp's registered address is Mail Room, Calgary, AB, Canada, T2P 0G5.
You can get more information about it from MEG Energy Corp's website at https://www.megenergy.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About MEG Energy Corp (MEG:CA) Stock
Based on ratings from 9 analysts MEG Energy Corp's stock is Hold . Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 3 buy, 1 sell and 9 hold ratings.
MEG:CA stock's dividend yield is 1.53%.
Our analysis grades MEG:CA stock's dividend yield at F. This means that MEG:CA stock's dividend yield is above 4% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this MEG:CA may be a poor dividend stock for its sector.
Based on targets from 9 analysts, the average taret price for MEG:CA is CAD 32.72 over the next 12 months. The maximum analyst target price is CAD 36 while the minimum anlayst target price is CAD 25.
MEG:CA stock's Price/Earning ratio is 14.20.
Our analysis grades MEG:CA stock's Price / Earning ratio at F. This means that MEG:CA stock's Price/Earning ratio is above 80% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this MEG:CA may be a overvalued for its sector.
The last closing price of MEG:CA's stock was CAD 26.20.
The most recent market capitalization for MEG:CA is CAD 6.87B.
Based on targets from 9 analysts, the average taret price for MEG:CA is projected at CAD 32.72 over the next 12 months.
This means that MEG:CA's stock price may go up by +24.89% over the next 12 months.
We can't find any ETFs which contains MEG Energy Corp's stock.
As per our most recent records MEG Energy Corp has 449 Employees.
MEG Energy Corp's registered address is Mail Room, Calgary, AB, Canada, T2P 0G5.
You can get more information about it from MEG Energy Corp's website at https://www.megenergy.com.
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