MEG Energy Corp. Stock

Equities

MEG

CA5527041084

Oil & Gas Exploration and Production

Delayed Toronto S.E. 03:50:35 2024-04-19 pm EDT 5-day change 1st Jan Change
31.2 CAD -0.22% Intraday chart for MEG Energy Corp. -0.70% +31.81%
Sales 2024 * 5.59B 4.07B Sales 2025 * 5.33B 3.88B Capitalization 8.52B 6.19B
Net income 2024 * 687M 499M Net income 2025 * 649M 472M EV / Sales 2024 * 1.67 x
Net Debt 2024 * 794M 577M Net Debt 2025 * 772M 561M EV / Sales 2025 * 1.74 x
P/E ratio 2024 *
13.4 x
P/E ratio 2025 *
13.1 x
Employees 450
Yield 2024 *
-
Yield 2025 *
-
Free-Float 99.68%
More Fundamentals * Assessed data
Dynamic Chart
RBC Capital Markets Details Bitumen Production In Alberta For February MT
CIBC Raises Price Target on 6 Canadian Energy Stocks MT
MEG Energy Corp. announces an Equity Buyback for 24,007,526 shares, representing 8.82% of its issued share capital. CI
MEG Energy Brief: Bid will become effective on March 11, 2024 and will terminate on March 10, 2025 or such earlier time as the Bid is completed or terminated at the option of MEG MT
MEG Energy Brief: Co will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 24,007,526 common shares of the Corporation MT
MEG Energy Brief: Received TSX Approval for Renewal of Normal Course Issuer Bid MT
MEG Energy Corp. authorizes a Buyback Plan. CI
MEG Energy Maintained at Outperform at BMO After Q4 Results; Price Target Raised to C$35.00 MT
MEG Energy Kept at Sector Perform by National Bank Following Q4 Results; Price Target Raised to C$32.00 MT
MEG Energy says Canada's Trans Mountain to start line fill from April RE
MEG Energy Maintained at Buy at TPH Following Q4 Results; Price Target Kept at C$35.00 MT
Transcript : MEG Energy Corp., 2023 Earnings Call, Mar 01, 2024
MEG Energy Brief: At current prices MEG "Well Positioned" to achieve US$600 million net debt in Q3 2024, after which 100% of free cash flow will be returned to shareholders MT
MEG Energy Brief: Says Financial performance Also strong generating nearly $1 billion of free cash flow for debt repayment and share buybacks MT
MEG Energy Brief: Annual production grew by 6%, averaging over 100,000 barrels per day for first time and exiting year at approximately 110,000 barrels per day MT
More news
1 day-1.60%
1 week-2.28%
Current month+0.55%
1 month+3.03%
3 months+32.61%
6 months+12.00%
Current year+32.11%
More quotes
1 week
30.70
Extreme 30.7
32.31
1 month
30.17
Extreme 30.17
33.70
Current year
23.02
Extreme 23.02
33.70
1 year
19.41
Extreme 19.41
33.70
3 years
6.08
Extreme 6.08
33.70
5 years
1.13
Extreme 1.13
33.70
10 years
1.13
Extreme 1.13
41.29
More quotes
Managers TitleAgeSince
Chief Executive Officer 67 18-08-08
Director of Finance/CFO - 22-07-31
Chief Operating Officer - 21-09-06
Members of the board TitleAgeSince
Director/Board Member 72 14-02-28
Chief Executive Officer 67 18-08-08
Chairman 77 10-06-08
More insiders
Date Price Change Volume
24-04-19 31.2 -0.22% 1 053 215
24-04-18 31.27 -1.60% 974,459
24-04-17 31.78 -0.47% 1,301,237
24-04-16 31.93 +2.54% 1,287,256
24-04-15 31.14 -0.89% 2,033,880

Delayed Quote Toronto S.E., April 18, 2024 at 04:00 pm EDT

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MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.
Calendar
More about the company
Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
31.27 CAD
Average target price
34.14 CAD
Spread / Average Target
+9.19%
Consensus