TSE:MEG MEG Energy (MEG) Stock Price, News & Analysis → Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS (From Paradigm Press) (Ad) Free MEG Stock Alerts C$31.10 +0.25 (+0.81%) (As of 03/28/2024 ET) Add Compare Share Share Today's RangeC$30.68▼C$31.2650-Day RangeC$23.42▼C$31.1052-Week RangeC$19.41▼C$31.44Volume1.36 million shsAverage Volume1.92 million shsMarket CapitalizationC$8.46 billionP/E Ratio15.71Dividend Yield3.14%Price TargetC$30.82 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider Trades Get MEG Energy alerts: Email Address MEG Energy MarketRank™ Stock AnalysisAnalyst RatingHold2.30 Rating ScoreUpside/Downside0.3% DownsideC$31.00 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 12 Articles This WeekInsider TradingSelling SharesC$8.83 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.45 out of 5 stars 2.2 Analyst's Opinion Consensus RatingMEG Energy has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$31.00, MEG Energy has a forecasted downside of 0.3% from its current price of C$31.10.Amount of Analyst CoverageMEG Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MEG. Previous Next 0.8 Dividend Strength Dividend YieldMEG Energy pays a meaningful dividend of 3.14%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMEG Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEG. Previous Next 3.3 News and Social Media Coverage News SentimentMEG Energy has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 12 news articles for MEG Energy this week, compared to 3 articles on an average week.Search Interest4 people have searched for MEG on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added MEG Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MEG Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$8,825,336.00 in company stock.Percentage Held by InsidersOnly 0.63% of the stock of MEG Energy is held by insiders.Percentage Held by Institutions42.30% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MEG Energy is 15.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.42.Price to Earnings Ratio vs. SectorThe P/E ratio of MEG Energy is 15.71, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 91.06.Price to Earnings Growth RatioMEG Energy has a PEG Ratio of 0.17. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMEG Energy has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsAI healthcare stock poised for 36,996% growth?Buy Alert Issued For AI Small Cap Our last two AI stocks jumped 150% and 130%... But we just issued a brand new "buy alert" for a new one...Get the name of the stock here... About MEG Energy Stock (TSE:MEG)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 More MEG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEG Stock News HeadlinesMarch 23, 2024 | insidertrades.comDavid Michael Granger Sells 32,144 Shares of MEG Energy Corp. (TSE:MEG) StockMarch 21, 2024 | insidertrades.comMEG Energy Corp. (TSE:MEG) Director Gary Bosgoed Sells 445 SharesMarch 28, 2024 | Behind the Markets (Ad)AI healthcare stock poised for 36,996% growth?Buy Alert Issued For AI Small Cap Our last two AI stocks jumped 150% and 130%... But we just issued a brand new "buy alert" for a new one...March 11, 2024 | insidertrades.comInsider Selling: MEG Energy Corp. (TSE:MEG) Director Sells 234,562 Shares of StockMarch 27, 2024 | msn.com2 TSX Energy Stocks to Buy Hand Over Fist NowMarch 26, 2024 | americanbankingnews.comMEG Energy (TSE:MEG) Sets New 12-Month High Following Analyst UpgradeMarch 23, 2024 | americanbankingnews.comMEG Energy (TSE:MEG) Price Target Increased to C$30.00 by Analysts at CIBCMarch 23, 2024 | americanbankingnews.comMEG Energy (TSE:MEG) Price Target Increased to C$31.00 by Analysts at DesjardinsMarch 28, 2024 | Behind the Markets (Ad)AI healthcare stock poised for 36,996% growth?Buy Alert Issued For AI Small Cap Our last two AI stocks jumped 150% and 130%... But we just issued a brand new "buy alert" for a new one...March 22, 2024 | americanbankingnews.comErik Alexander Alson Sells 34,528 Shares of MEG Energy Corp. (TSE:MEG) StockMarch 21, 2024 | americanbankingnews.comMEG Energy (TSE:MEG) PT Raised to C$35.00 at ATB CapitalMarch 20, 2024 | msn.comTrans Mountain Pipeline expansion to be complete by end of May - Alberta PremierMarch 20, 2024 | msn.comTrans Mountain Pipeline Expansion Set for Completion by The End of MayMarch 18, 2024 | nasdaq.comCERAWEEK-Big Oil executives push back against calls for fast energy transitionMarch 18, 2024 | reuters.comBig Oil executives push back against calls for fast energy transitionMarch 15, 2024 | msn.comCebu-based paint maker expands solar energy capacityMarch 2, 2024 | finance.yahoo.comMEG Energy Full Year 2023 Earnings: EPS Misses ExpectationsMarch 1, 2024 | msn.comTrans Mountain plans to fill pipeline extension in April, MEG Energy CEO saysMarch 1, 2024 | ca.finance.yahoo.comMEG Energy says Canada's Trans Mountain to start line fill from AprilMarch 1, 2024 | msn.comMeg Ryan is oh so chic in checked blazer at the Loewe PFW showMarch 1, 2024 | finance.yahoo.comTrudeau’s Long-Delayed Oil Pipeline Seeks First Crude DeliveriesMarch 1, 2024 | bloomberg.comMEG’s Gates to Become Sole Female CEO in Oil-Sands IndustryMarch 1, 2024 | finance.yahoo.comMEG’s Gates to Become Oil-Sands Industry’s Sole Female CEOFebruary 29, 2024 | marketwatch.comMEG Energy Taps Operating Chief As Next CEOFebruary 29, 2024 | msn.comMEG Energy President/CEO Evans set to depart, succeeded by GatesFebruary 29, 2024 | msn.comMontrose Environmental Non-GAAP EPS of $0.27 beats by $0.17, revenue of $165.7M beats by $5.51MFebruary 28, 2024 | msn.comTrans Mountain says pipe removed from final expansion section, ensuring Q2 startSee More Headlines Receive MEG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MEG Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/29/2024Today3/28/2024Next Earnings (Estimated)5/06/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas E&P Sub-IndustryN/A Current SymbolTSE:MEG CUSIPN/A CIKN/A Webwww.megenergy.com Phone+1-403-7700446FaxN/AEmployees449Year FoundedN/APrice Target and Rating Average Stock Price TargetC$30.82 High Stock Price TargetC$35.00 Low Stock Price TargetC$23.00 Potential Upside/Downside-0.2%Consensus RatingHold Rating Score (0-4)2.30 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$1.98 Trailing P/E Ratio15.60 Forward P/E Ratio13.32 P/E Growth0.17Net IncomeC$569 million Net Margins10.06% Pretax MarginN/A Return on Equity12.77% Return on Assets7.94% Debt Debt-to-Equity Ratio30.55 Current Ratio1.48 Quick Ratio1.17 Sales & Book Value Annual SalesC$5.65 billion Price / Sales1.49 Cash FlowC$1.05 per share Price / Cash Flow29.38 Book ValueC$16.48 per share Price / Book1.87Miscellaneous Outstanding Shares272,100,000Free FloatN/AMarket CapC$8.40 billion OptionableNot Optionable Beta3.16 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Derek W. Evans B.Sc. (Age 67)P. Eng., President, CEO & Director Comp: $1.59MMr. Ryan M. Kubik C.A. (Age 56)CPA, CFA, Chief Financial Officer Comp: $1.02MMs. Darlene M. GatesChief Operating OfficerMr. Lyle S. YuzdepskiSenior VP of Legal, General Counsel & Corporate SecretaryMr. Thomas R. GearVice President of OperationsMr. David Michael GrangerSenior Vice President of Human ResourcesMore ExecutivesKey CompetitorsCrescent Point EnergyTSE:CPGStrathcona ResourcesTSE:SCRPrairieSky RoyaltyTSE:PSKWhitecap ResourcesTSE:WCPEnerplusTSE:ERFView All CompetitorsInsidersDavid Michael GrangerSold 32,144 sharesTotal: C$979,504.83 ($30.47/share)Gary BosgoedSold 445 sharesTotal: C$13,456.80 ($30.24/share)Erik Alexander AlsonSold 34,528 sharesTotal: C$1.04 M ($30.24/share)Derek Watson EvansSold 234,562 sharesTotal: C$6.79 M ($28.94/share)View All Insider Transactions MEG Stock Analysis - Frequently Asked Questions Should I buy or sell MEG Energy stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEG, but not buy additional shares or sell existing shares. View MEG analyst ratings or view top-rated stocks. What is MEG Energy's stock price target for 2024? 10 brokerages have issued 1 year price targets for MEG Energy's stock. Their MEG share price targets range from C$23.00 to C$37.00. On average, they expect the company's share price to reach C$31.00 in the next twelve months. This suggests that the stock has a possible downside of 0.3%. View analysts price targets for MEG or view top-rated stocks among Wall Street analysts. How have MEG shares performed in 2024? MEG Energy's stock was trading at C$23.67 at the beginning of the year. Since then, MEG stock has increased by 31.4% and is now trading at C$31.10. View the best growth stocks for 2024 here. When is MEG Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. View our MEG earnings forecast. How were MEG Energy's earnings last quarter? MEG Energy Corp. (TSE:MEG) announced its quarterly earnings results on Thursday, February, 29th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.59 by $0.22. The firm earned $1.44 billion during the quarter, compared to analysts' expectations of $1.40 billion. MEG Energy had a net margin of 10.06% and a trailing twelve-month return on equity of 12.77%. What other stocks do shareholders of MEG Energy own? Based on aggregate information from My MarketBeat watchlists, some companies that other MEG Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Crescent Point Energy (CPG), Kelt Exploration (KEL), Athabasca Oil (ATH), NuVista Energy (NVA), Canadian Natural Resources (CNQ), Enerplus (ERF), Cenovus Energy (CVE) and Birchcliff Energy (BIR). How do I buy shares of MEG Energy? Shares of MEG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:MEG) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill Publishing“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryFed launches fourth dollar overhaulStansberry ResearchBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the MarketsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MEG Energy Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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