MEG Energy (OTCMKTS:MEGEF) Given New C$20.00 Price Target at CIBC

MEG Energy (OTCMKTS:MEGEFGet Rating) had its target price reduced by CIBC from C$22.00 to C$20.00 in a research note issued to investors on Tuesday, The Fly reports.

MEGEF has been the subject of several other reports. JPMorgan Chase & Co. upgraded MEG Energy from a neutral rating to an overweight rating in a research report on Monday, December 5th. Desjardins increased their target price on MEG Energy from C$20.00 to C$22.00 in a report on Thursday, November 10th. TD Securities boosted their price target on shares of MEG Energy from C$19.00 to C$21.00 in a report on Thursday, November 10th. Scotiabank decreased their price objective on shares of MEG Energy from C$26.00 to C$22.00 in a report on Tuesday. Finally, National Bank Financial decreased their target price on MEG Energy from C$30.00 to C$26.00 in a research note on Friday, September 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, MEG Energy currently has an average rating of Hold and an average target price of $22.71.

MEG Energy Trading Up 3.5 %

Shares of MEGEF stock opened at $15.00 on Tuesday. The company’s fifty day moving average price is $13.73 and its two-hundred day moving average price is $13.40. MEG Energy has a 12 month low of $9.66 and a 12 month high of $19.90.

MEG Energy Company Profile

(Get Rating)

MEG Energy Corp. engages in the production of in situ thermal oil. Its projects include Cristina Lake and Surmont. The company was founded by William J. McCaffrey, Steve Turner and David J. Wizinsky on March 9, 1999 and is headquartered in Calgary, Canada.

Further Reading

The Fly logo

Analyst Recommendations for MEG Energy (OTCMKTS:MEGEF)

Receive News & Ratings for MEG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MEG Energy and related companies with MarketBeat.com's FREE daily email newsletter.