MEG Energy Corp. (TSX: MEG)

Canada flag Canada · Delayed Price · Currency is CAD
23.80
-0.84 (-3.41%)
Dec 6, 2024, 4:00 PM EST
-2.58%
Market Cap 6.27B
Revenue (ttm) 5.45B
Net Income (ttm) 504.00M
Shares Out 263.33M
EPS (ttm) 1.83
PE Ratio 12.98
Forward PE 11.59
Dividend 0.40 (1.62%)
Ex-Dividend Date Dec 16, 2024
Volume 1,917,460
Open 24.54
Previous Close 24.64
Day's Range 23.49 - 24.54
52-Week Range 22.79 - 33.70
Beta 2.89
Analysts n/a
Price Target n/a
Earnings Date Feb 28, 2025

About MEG Energy

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]

Sector Energy
Founded 1999
Employees 451
Stock Exchange Toronto Stock Exchange
Ticker Symbol MEG
Full Company Profile

Financial Performance

In 2023, MEG Energy's revenue was 5.65 billion, a decrease of -7.60% compared to the previous year's 6.12 billion. Earnings were 569.00 million, a decrease of -36.92%.

Financial Statements

News

Eric Nuttall's Top Picks: MEG Energy, ARC Resources and Tamarack Valley Energy

Eric Nuttall's Market Outlook: Energy stocks, discusses his top picks:MEG Energy, ARC Resources and Tamarack Valley Energy

15 days ago - BNN Bloomberg

Meg Energy reports Q3 results

4 weeks ago - Seeking Alpha

MEG Energy announces third quarter 2024 financial and operating results

CALGARY, AB , Nov. 5, 2024 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its third quarter 2024 operational and financial results. 1 "Following another strong financial an...

4 weeks ago - Benzinga

MEG Energy moves up after pledging full shareholder returns following debt reduction

MEG Energy increases capital returns to shareholders to 100% of free cash flow after completing debt reduction strategy.

2 months ago - Seeking Alpha

Eric Nuttall's Top Picks: Meg Energy, Tamarack Valley Energy, and Freehold Royalties

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, discusses his top picks: Meg Energy, Tamarack Valley Energy, and Freehold Royalties.

3 months ago - BNN Bloomberg

MEG Energy Corp (MEGEF) Q2 2024 Earnings Call Transcript Highlights: Strong Free Cash Flow and ...

MEG Energy Corp (MEGEF) Q2 2024 Earnings Call Transcript Highlights: Strong Free Cash Flow and Production Growth Amid Wildfire Challenges

4 months ago - GuruFocus

Q2 2024 MEG Energy Corp Earnings Call Transcript

Q2 2024 MEG Energy Corp Earnings Call Transcript

4 months ago - GuruFocus

MEG Energy Corp. (MEGEF) Q2 2024 Earnings Call Transcript

MEG Energy Corp. (OTCPK:MEGEF) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ETCompany ParticipantsDarlene Gates - Chief Executive OfficerRyan...

4 months ago - Seeking Alpha

MEG Energy declares CAD 0.10 dividend

MEG Energy (MEG:CA) declares CAD 0.10/share quarterly dividend. Payable Oct. 15; for shareholders of record Sept. 17; ex-div Sept. 17.

4 months ago - Seeking Alpha

MEG Energy announces second quarter 2024 financial and operating results and declares inaugural quarterly cash dividend

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are deta...

4 months ago - Benzinga

Wildfires Threaten Canadian Oil Output as MEG Evacuates Workers

A flareup of wildfires in Alberta is threatening as much as half a million barrels a day of output, with MEG Energy Corp becoming the latest company to evacuate workers.

5 months ago - BNN Bloomberg

Alberta wildfires prompt MEG Energy oilsands site evacuation

The company says the move was a precautionary one, and that the wildfires do not pose an imminent threat

5 months ago - Financial Post

MEG Energy: Moving To 100% Free Cash Flow Return

Discover why MEG Energy Corp. is making waves with its debt reduction and free cash flow targets, and why we're holding off on a buy rating.

5 months ago - Seeking Alpha

MEG Energy Corp. (MEGEF) Q1 2024 Earnings Call Transcript

MEG Energy Corp. (OTCPK:MEGEF) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ETCompany ParticipantsDarlene Gates – Chief Executive OfficerRyan Kubik...

7 months ago - Seeking Alpha

Trans Mountain to deliver better prices for Canadian oil ‘for years,’ says Meg Energy

But predicts pipeline will meet its capacity within five years

7 months ago - Financial Post

Meg Energy GAAP EPS of C$0.36, revenue of C$1.36B

MEG Energy reports Q1 2024 financial results with a GAAP EPS of C$0.36 and a revenue decline of 8.1% YoY to C$1.36B.

7 months ago - Seeking Alpha

MEG Energy announces first quarter 2024 financial and operating results

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are deta...

7 months ago - Benzinga

MEG Energy: Impacts Of The New Royalty Regime - Trans Mountain Expansion, Increased Payouts

MEG Energy is expected to benefit from narrowing heavy oil differential caused by the coming TMX pipeline. Click here to read an analysis of MEGEF stock now.

8 months ago - Seeking Alpha