MEG Energy (TSE:MEG) had its target price lifted by National Bank Financial from C$5.25 to C$6.25 in a report issued on Tuesday, January 9th. They currently have a sector perform rating on the stock.
A number of other research firms have also commented on MEG. CIBC lifted their price objective on shares of MEG Energy from C$4.50 to C$5.25 in a research note on Tuesday, October 17th. Barclays lifted their price objective on shares of MEG Energy from C$5.00 to C$6.00 in a research note on Friday, October 27th. GMP Securities lifted their price objective on shares of MEG Energy from C$5.50 to C$7.00 and gave the company a buy rating in a research note on Monday, December 4th. Finally, Scotiabank lowered shares of MEG Energy from an outperform rating to a sector perform rating and set a C$6.00 price objective on the stock. in a research note on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$7.28.
Shares of MEG Energy (MEG) traded down C$0.34 on Tuesday, reaching C$5.34. 1,565,288 shares of the company were exchanged, compared to its average volume of 1,500,000. MEG Energy has a 52-week low of C$3.28 and a 52-week high of C$7.44. The stock has a market capitalization of $1,570.00, a PE ratio of -7.63 and a beta of 2.48.
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MEG Energy Company Profile
MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods.
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