MEG:CA:TSX-MEG Energy Corp (CAD)

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 10.79

Change

0.00 (0.00)%

Market Cap

CAD 3.36B

Volume

3.04M

Avg Analyst Target

CAD 13.17 (+22.09%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


MEG Energy Corp (MEG) Stock Analysis:
Based on the MEG Energy Corp stock forecasts from 16 analysts, the average analyst target price for MEG Energy Corp is CAD 13.17 over the next 12 months. MEG Energy Corp’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of MEG Energy Corp is Neutral, which is based on 5 positive signals and 5 negative signals. At the last closing, MEG Energy Corp’s stock price was CAD 10.79. MEG Energy Corp’s stock price has changed by -0.07 % over the past week, -0.26 % over the past month and +159.38 % over the last year.

About

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. The company owns a 100% interest in approximately 450 square miles of mineral leases. It is developing oil recovery projects that utiliz ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-12-04 )

Largest Industry Peers for Oil & Gas E&P

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CNQ:CA Canadian Natural Resources Lim..

N/A

CAD60.24B 10.48 5.45
CNU:CA CNOOC Limited

N/A

CAD55.87B 5.40 0.74
TOU:CA Tourmaline Oil Corp

N/A

CAD14.54B 7.45 5.27
OVV:CA Ovintiv Inc

N/A

CAD10.98B 3.13 20.71
ARX:CA ARC Resources Ltd

N/A

CAD7.51B 25.93 5.13
WCP:CA Whitecap Resources Inc

N/A

CAD4.30B 2.03 1.84
CPG:CA Crescent Point Energy Corp

N/A

CAD3.20B 1.45 0.77
ERF:CA Enerplus Corporation

N/A

CAD3.04B 3.80 34.30
PSK:CA PrairieSky Royalty Ltd

N/A

CAD3.01B 32.43 14.74
VII:CA Seven Generations Energy Ltd

N/A

CAD2.82B 1.96 14.01

ETFs Containing MEG:CA

Symbol Name Weight Mer Price(Change) Market Cap

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas E&P)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 142.47% 57% F 97% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 142.47% 54% F 97% A+
Trailing 12 Months  
Capital Gain 159.38% 60% D- 97% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 159.38% 58% F 97% A+
Trailing 5 Years  
Capital Gain 38.69% 90% A- 66% D
Dividend Return N/A N/A N/A N/A N/A
Total Return 38.69% 90% A- 58% F
Average Annual (5 Year Horizon)  
Capital Gain 31.86% 61% D- 90% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 31.86% 59% F 89% B+
Risk Return Profile  
Volatility (Standard Deviation) 96.23% 59% F 8% F
Risk Adjusted Return 33.10% 77% C+ 38% F
Market Capitalization 3.36B 90% A- 79% C+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas E&P)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 27.18 20% F 19% F
Price/Book Ratio 0.93 69% D+ 79% C+
Price / Cash Flow Ratio 11.12 39% F 30% F
EV/EBITDA 7.74 24% F 61% D-
Management Effectiveness  
Return on Equity 3.40% 26% F 36% F
Return on Invested Capital -6.87% 35% F 20% F
Return on Assets 2.42% 46% F 50% F
Debt to Equity Ratio 83.06% 20% F 35% F
Technical Ratios  
Short Ratio 2.32 60% D- 41% F
Short Percent 2.22% 29% F 49% F
Beta 3.46 21% F 2% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.