Should I buy or sell MEG Energy stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MEGEF shares. View MEGEF analyst ratings or view top-rated stocks .

What is MEG Energy's stock price target for 2024?

2 brokerages have issued 1-year price targets for MEG Energy's shares. Their MEGEF share price targets range from $9.00 to $13.00. On average, they anticipate the company's stock price to reach $10.67 in the next twelve months. This suggests that the stock has a possible downside of 53.0%. View analysts price targets for MEGEF or view top-rated stocks among Wall Street analysts .

How have MEGEF shares performed in 2024?

MEG Energy's stock was trading at $17.92 on January 1st, 2024. Since then, MEGEF shares have increased by 26.7% and is now trading at $22.71. View the best growth stocks for 2024 here .

Are investors shorting MEG Energy?

MEG Energy saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,765,500 shares, a decline of 29.8% from the March 15th total of 8,207,800 shares. Based on an average daily volume of 180,000 shares, the days-to-cover ratio is presently 32.0 days. View MEG Energy's Short Interest .

When is MEG Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024. View our MEGEF earnings forecast .

How do I buy shares of MEG Energy?

Shares of MEGEF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:MEGEF

MEG Energy (MEGEF) Stock Price, News & Analysis

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$22.71

-0.36 (-1.56%)

(As of 04/18/2024 ET)

Compare

Today's Range: $22.66
▼
$23.31
50-Day Range: $17.71
▼
$24.53
52-Week Range: $14.44
▼
$24.59

Volume: 27,100 shs
Average Volume: 270,108 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.67

Stock Analysis Analyst Forecasts Chart Headlines Short Interest

Get MEG Energy alerts:

MEG Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 53.0% Downside
$10.67 Price Target
Short Interest: Bearish
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.90
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

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.

0.22 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
MEG Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
MEG Energy has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
MEG Energy has a short interest ratio ("days to cover") of 32, which indicates bearish sentiment.
Change versus previous month
Short interest in MEG Energy has recently decreased by 29.76%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
MEG Energy does not currently pay a dividend.
Dividend Growth
MEG Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEGEF.

2.7

News and Social Media Coverage

News Sentiment
MEG Energy has a news sentiment score of 0.90. 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 Week
MarketBeat has tracked 2 news articles for MEG Energy this week, compared to 0 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MEG Energy insiders have not sold or bought any company stock.
Percentage Held by Institutions
50.51% of the stock of MEG Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MEG Energy is -48.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of MEG Energy is -48.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

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About MEG Energy Stock (OTCMKTS:MEGEF)

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.

MEGEF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MEGEF Stock News Headlines

April 15, 2024 | finance.yahoo.com

MEG Energy Announces First Quarter of 2024 Results and Conference Call

April 15, 2024 | finance.yahoo.com

MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price

April 19, 2024 | InvestorPlace (Ad)

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March 25, 2024 | finance.yahoo.com

Investors in MEG Energy (TSE:MEG) have seen incredible returns of 474% over the past five years

March 17, 2024 | ca.finance.yahoo.com

MEG Energy Corp. (MEGEF)

March 14, 2024 | yahoo.com

Grey's Anatomy 's Meg Marinis Joined the Show Right Out of College in 2006. Now She's Showrunner.

March 3, 2024 | finance.yahoo.com

MEG Energy Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

March 1, 2024 | theglobeandmail.com

MEG Energy promotes COO Darlene Gates to chief executive

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February 29, 2024 | finance.yahoo.com

MEG Energy announces 2023 financial and operating results

February 29, 2024 | finance.yahoo.com

MEG Energy announces President & Chief Executive Officer Succession

February 27, 2024 | msn.com

Trans Mountain pipeline project cost estimate raised by another $3.1B

January 27, 2024 | yahoo.com

Fans Think Meg Thee Stallion’s New Song Renewed Feud With Nicki Minaj

January 21, 2024 | news.yahoo.com

Megalodon not quite as mega as scientists and ‘The Meg’ filmmakers thought: new study

December 8, 2023 | realmoney.thestreet.com

MEG Energy downgraded to Neutral from Overweight at JPMorgan

December 8, 2023 | realmoney.thestreet.com

MEG Energy just downgraded at JPMorgan, here's why

November 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Diamondback (FANG) and MEG Energy (OtherMEGEF)

November 7, 2023 | markets.businessinsider.com

MEG Energy’s Promising Financial Performance and Future Prospects: Buy Rating Justified

November 6, 2023 | finance.yahoo.com

MEG Energy Corp. (TSE:MEG) Shares Could Be 38% Below Their Intrinsic Value Estimate

November 1, 2023 | msn.com

MEG Energy (MEGEF) Price Target Increased by 11.29% to 21.99

October 23, 2023 | finance.yahoo.com

MEG Energy Announces Third Quarter of 2023 Results and Conference Call

October 12, 2023 | markets.businessinsider.com

MEG Energy Corp hosts conference call for investors

October 10, 2023 | msn.com

MEG Energy: A Lot Of Positives, But They May Already Be Priced In

October 8, 2023 | latimes.com

Meg James

October 5, 2023 | finance.yahoo.com

Recent 8.7% pullback isn't enough to hurt long-term MEG Energy (TSE:MEG) shareholders, they're still up 765% over 3 years

September 29, 2023 | msn.com

FURRY FRIDAY: Meet Meg the Dog

August 10, 2023 | usatoday.com

Meet the megalodon: What you need to know about the shark star of 'Meg 2: The Trench'

See More Headlines

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Company Calendar

Today: 4/19/2024
Next Earnings (Estimated): 4/29/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: OTCMKTS:MEGEF
CUSIP: N/A
CIK: N/A
Web: www.megenergy.com
Phone: (403) 770-0446
Fax: N/A
Employees: 449
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $10.67
High Stock Price Target: $13.00
Low Stock Price Target: $9.00
Potential Upside/Downside: -53.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Derek W. Evans B.Sc. (Age 67)
P. Eng., President, CEO & Director
Comp: $1.28M
Mr. Ryan M. Kubik C.A. (Age 56)
CPA, CFA, CFO & Head of IR Group
Comp: $724.68k
Ms. Darlene M. Gates (Age 53)
Chief Operating Officer
Comp: $817.08k
Mr. Lyle S. Yuzdepski
Senior VP of Legal, General Counsel & Corporate Secretary
Mr. Thomas R. Gear
Vice President of Operations
Mr. David Michael Granger
Senior Vice President of Human Resources

Key Competitors

View All Competitors

MEGEF Stock Analysis - Frequently Asked Questions

Should I buy or sell MEG Energy stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEG Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MEGEF shares.
View MEGEF analyst ratings or view top-rated stocks.
What is MEG Energy's stock price target for 2024?: 2 brokerages have issued 1-year price targets for MEG Energy's shares. Their MEGEF share price targets range from $9.00 to $13.00. On average, they anticipate the company's stock price to reach $10.67 in the next twelve months. This suggests that the stock has a possible downside of 53.0%.
View analysts price targets for MEGEF or view top-rated stocks among Wall Street analysts.
How have MEGEF shares performed in 2024?: MEG Energy's stock was trading at $17.92 on January 1st, 2024. Since then, MEGEF shares have increased by 26.7% and is now trading at $22.71.
View the best growth stocks for 2024 here.
Are investors shorting MEG Energy?: MEG Energy saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,765,500 shares, a decline of 29.8% from the March 15th total of 8,207,800 shares. Based on an average daily volume of 180,000 shares, the days-to-cover ratio is presently 32.0 days.
View MEG Energy's Short Interest.

When is MEG Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our MEGEF earnings forecast.
How do I buy shares of MEG Energy?: Shares of MEGEF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:MEGEF) was last updated on 4/19/2024 by MarketBeat.com Staff

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MEG Energy (MEGEF) Stock Price, News & Analysis

MEG Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About MEG Energy Stock (OTCMKTS:MEGEF)

MEGEF Stock Price History

MEGEF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MEGEF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™