MEG Energy (TSE:MEG – Get Free Report) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect MEG Energy to post earnings of C$0.47 per share for the quarter.
MEG Energy (TSE:MEG – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.22). MEG Energy had a net margin of 10.06% and a return on equity of 12.77%. The company had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.40 billion.
MEG Energy Stock Down 0.2 %
Shares of MEG stock opened at C$32.22 on Monday. MEG Energy has a 12-month low of C$19.41 and a 12-month high of C$33.70. The company has a quick ratio of 1.17, a current ratio of 1.48 and a debt-to-equity ratio of 30.55. The firm has a fifty day moving average of C$30.29 and a 200-day moving average of C$26.96. The company has a market capitalization of C$8.77 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 0.17 and a beta of 3.16.
Analyst Ratings Changes
View Our Latest Stock Analysis on MEG Energy
Insiders Place Their Bets
In related news, Senior Officer David Michael Granger sold 32,144 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$30.47, for a total value of C$979,504.83. In other MEG Energy news, Senior Officer David Michael Granger sold 32,144 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$30.47, for a total transaction of C$979,504.83. Also, Director Derek Watson Evans sold 234,562 shares of MEG Energy stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$28.94, for a total value of C$6,788,247.74. Insiders sold 301,679 shares of company stock worth $8,825,336 over the last three months. Insiders own 0.63% of the company’s stock.
MEG Energy Company Profile
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.
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