MEG Energy Corp. (TSX: MEG)
Canada
· Delayed Price · Currency is CAD | Market Cap | 8.23B |
| Revenue (ttm) | 5.92B |
| Net Income (ttm) | 569.00M |
| Shares Out | 272.60M |
| EPS (ttm) | 1.98 |
| PE Ratio | 15.81 |
| Forward PE | 13.26 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,399,064 |
| Open | 31.18 |
| Previous Close | 31.31 |
| Day's Range | 30.17 - 31.28 |
| 52-Week Range | 19.41 - 33.70 |
| Beta | 3.13 |
| Analysts | n/a |
| Price Target | 35.00 (+15.89%) |
| Earnings Date | May 6, 2024 |
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]
Financial Performance
In 2023, MEG Energy's revenue was 5.65 billion, a decrease of -10.88% compared to the previous year's 6.34 billion. Earnings were 569.00 million, a decrease of -36.92%.
Financial StatementsNews
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.
Trans Mountain plans to fill pipeline extension in April, MEG Energy CEO says
MEG Energy Corp. (MEGEF) Q4 2023 Earnings Call Transcript
MEG Energy President/CEO Evans set to depart, succeeded by Gates
MEG Energy announces 2023 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...
MEG Energy: How We Are Playing It For 2024
MEG Energy: Buyback Bonanza Likely Coming
MEG Energy is a promising Canadian oil sand producer with strong growth potential, reduced debt levels, and anticipated share buybacks in 2024. Read more here.
Pathways Alliance carbon-capture project set for major update, says MEG Energy CEO
The CEO of one of the oilsands companies behind the Pathways Alliance says the group expects to provide a significant update on its proposed $16.5-billion carbon capture and storage project within the...
MEG Energy Corp. (MEGEF) Q3 2023 Earnings Call Transcript
MEG Energy Corp. (OTCPK:MEGEF) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ETCompany ParticipantsDerek Evans – President and Chief Executive...
MEG Energy Corp. 2023 Q3 - Results - Earnings Call Presentation
The following slide deck was published by MEG Energy Corp.
MEG Energy upgraded at RBC, citing focus on delivering shareholder returns
RBC Capital upgrades MEG Energy stock, citing strong leadership, enhanced market access, and strengthening balance sheet.
MEG Energy: A Lot Of Positives, But They May Already Be Priced In
MEG Energy's stock has traded sideways while competitors have seen significant gains. Read more to see a detailed analysis on MEGEF stock.
Smead International Value 1Q 2023 Newsletter: Buying Unwanted Assets
To kick off the beginning of 2023, there continues to be a bias we see in equity investor portfolios. These portfolios have many of the traits investors see at the endpoints of the economy like softwa...
Deep Dive: 8 oil stocks that are still bargains for long-term investors
The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still tradin...
RBC Capital Bumps Up MEG Energy Price Target By 5%
MEG Energy Corp (TSX: MEG) (OTC: MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares.
Try Your Luck in My 3-Stock Derby
Contestants who picked energy stocks did well in my 14th annual stock-picking contest. Almost everyone else did badly.