Meren Energy Inc. (TSX:MER)
Canada · Delayed Price · Currency is CAD | Market Cap | 1.46B +22.8% |
| Revenue (ttm) | 1.03B +397.7% |
| Net Income | -136.33M |
| EPS | -0.20 |
| Shares Out | 676.12M |
| PE Ratio | n/a |
| Forward PE | 9.16 |
| Dividend | 0.21 (9.51%) |
| Ex-Dividend Date | Aug 20, 2026 |
| Volume | 301,398 |
| Open | 2.180 |
| Previous Close | 2.150 |
| Day's Range | 2.130 - 2.180 |
| 52-Week Range | 1.670 - 2.575 |
| Beta | 0.45 |
| Analysts | Buy |
| Price Target | 1.79 (-17.36%) |
| Earnings Date | Nov 11, 2026 |
About Meren Energy
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deepwater Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. Meren Energy Inc. was formerly known as Africa Oil Corp. and changed its name to Meren Energy Inc. in May 2025. The company was incorporated in 1993 and is based in Vancouver, Canada. [Read more]
Analyst Summary
According to 5 analysts, the average rating for MER stock is "Buy." The 12-month stock price target is $1.79, which is a decrease of -17.36% from the latest price.
News
Meren Energy Transcript: Water Tower Research Virtual Insights Conference
West African assets offer strong geology, diverse opportunities, and supportive regulatory environments. Advantaged assets focus on low cost, high recovery, and low carbon intensity, with Nigeria and Namibia projects exemplifying these traits. Capital allocation emphasizes balance sheet strength, organic growth, and consistent shareholder returns.
Meren Energy Earnings Call Transcript: Q2 2026
Disciplined execution drove strong H1 2026 results, with EBITDAX of $220M and net debt to EBITDAX at 0.5x. Full-year guidance was raised on robust production and higher oil prices, while capital allocation remains focused on balance sheet strength, organic growth, and shareholder returns.
Meren Energy MD&A: Q2 2026
Meren Energy filed a regulatory document on August 12, 2026 disclosing important business information.
Meren Energy Report: Q2 2026
Meren Energy published a report on August 12, 2026 containing material business information for investors and shareholders.
Meren Energy Earnings release: Q2 2026
Meren Energy released its Q2 2026 earnings on August 12, 2026, summarizing the period's financial results.
Meren Energy Slides: Q2 2026
Meren Energy has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 12, 2026.
Meren Energy (MRNFF) Beats Q2 Earnings and Revenue Estimates
Meren Energy (MRNFF) delivered earnings and revenue surprises of +25.00% and +39.31%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Meren Energy downgraded to Sector Perform from Outperform at Scotiabank
Scotiabank analyst Kevin Fisk downgraded Meren Energy (MRNFF) to Sector Perform from Outperform with an unchanged price target of C$2.50. The firm says the company’s production inflection point is sti...
Doug Casey Calls AI a Super Bubble, Bets on Energy, Gold Miners and Grains
AI bubble fears keep resurfacing, and depending on who you ask, the story is either just getting started or already cracking at the edges. Doug Casey, founder of International Man and a self-described...
Meren Energy Earnings Call Transcript: Q1 2026
Q1 2026 saw strong operational and financial performance, with Nigerian assets outperforming, EBITDA of $100 million, and enhanced liquidity following RBL refinancing. Drilling campaigns and growth projects are on track, with robust dividends and disciplined capital allocation continuing.
Meren Energy Earnings release: Q1 2026
Meren Energy released its Q1 2026 earnings on May 13, 2026, summarizing the period's financial results.
Meren Energy Slides: Q1 2026
Meren Energy has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 13, 2026.
Meren Energy Report: Q1 2026
Meren Energy published a report on May 13, 2026 containing material business information for investors and shareholders.
Meren Energy MD&A: Q1 2026
Meren Energy filed a regulatory document on May 13, 2026 disclosing important business information.
Meren Energy downgraded to Hold from Buy at Fearnley
Fearnley downgraded Meren Energy (MRNFF) to Hold from Buy.
Meren Energy Earnings Call Transcript: Q4 2025
Prime consolidation doubled reserves and production, while $420 million in debt was repaid and $108 million returned to shareholders. 2025 EBITDAX reached $441 million, with strong liquidity and a robust hedging program supporting resilience amid oil price volatility.
Meren Energy Annual report: Q4 2025
Meren Energy has published its Q4 2025 annual report on February 25, 2026.
Meren Energy Earnings release: Q4 2025
Meren Energy released its Q4 2025 earnings on February 25, 2026, summarizing the period's financial results.
Meren Energy Slides: Q4 2025
Meren Energy has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on February 25, 2026.
Meren Energy Report: Q4 2025
Meren Energy published a report on February 25, 2026 containing material business information for investors and shareholders.
Meren Energy MD&A: Q4 2025
Meren Energy filed a regulatory document on February 25, 2026 disclosing important business information.
Meren Energy Annual report: Q4 2025
Meren Energy has published its Q4 2025 annual report on February 25, 2026.
Water Tower Research Publishes Initiation of Coverage Report on Meren Energy, Inc., “West Africa Asset Base Supports Cash Returns with Funded Upside Exposure”
February 10, 2026, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Meren Energy, Inc. (TSX: MER) titled, “West Africa Asset Bas...
Meren Energy Slides: Corporate presentation
Meren Energy has posted slides in relation to its latest quarterly earnings report, which was published on January 22, 2026.
Meren Energy Earnings Call Transcript: Q3 2025
Q3 saw robust financial performance, with $120M EBITDA and $126M free cash flow, alongside significant debt reduction and $100M in dividends for 2025. Production guidance remains steady, with future growth tied to infill drilling and prudent hedging.