Shares of MEG Energy Corp. (TSE:MEG – Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$30.89 and traded as high as C$31.03. MEG Energy shares last traded at C$30.89, with a volume of 6,350,674 shares traded.
MEG Energy Trading Up 0.7%
The stock has a market cap of C$7.86 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.17 and a beta of 0.45. The stock’s 50-day moving average is C$30.89 and its two-hundred day moving average is C$30.89. The company has a debt-to-equity ratio of 22.34, a current ratio of 1.73 and a quick ratio of 1.17.
MEG Energy Company Profile
MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of March 2021, the company reported estimated net proved and probable reserves of 2 billion barrels of oil equivalent. Net production averaged 82,000 barrels per day in 2020.
Further Reading
- Five stocks we like better than MEG Energy
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
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.
