MEG Energy (OTCMKTS:MEGEF) Price Target Raised to C$23.00 at TD Securities

MEG Energy (OTCMKTS:MEGEF – Get Rating) had its price target hoisted by TD Securities from C$21.00 to C$23.00 in a research note published on Tuesday morning, The Fly reports.

MEGEF has been the subject of a number of other research reports. National Bank Financial raised their price objective on MEG Energy from C$24.00 to C$32.00 in a research report on Thursday, April 14th. Royal Bank of Canada lifted their price target on shares of MEG Energy from C$15.00 to C$18.00 in a research note on Tuesday, January 25th. Scotiabank increased their price objective on shares of MEG Energy from C$22.00 to C$23.00 in a research note on Monday, April 18th. Finally, CIBC lifted their target price on shares of MEG Energy from C$20.00 to C$23.00 in a research report on Thursday, April 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $20.39.

OTCMKTS MEGEF opened at $15.91 on Tuesday. MEG Energy has a twelve month low of $5.23 and a twelve month high of $16.51. The firm has a 50-day simple moving average of $14.25 and a 200 day simple moving average of $11.45.

About MEG Energy (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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