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.
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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